Bitcoin Stuck at $64,000 Range: A Critical Week Amid Oil and AI Pressures

Bitcoin (BTC) is trading sideways around the $64,000 level, caught between inflation concerns triggered by rising oil prices and selling pressure in the AI sector.

Cryptocurrency markets started the new week under the shadow of macroeconomic and sectoral uncertainties. The leading cryptocurrency, Bitcoin (BTC), was trading around $64,200 on Monday morning, marking a 3% weekly increase, though it presents an indecisive picture on the daily chart. This market stagnation is rooted in escalating energy costs driven by Middle East tensions on one hand, and AI developments shaking tech stocks on the other.

Oil Prices and AI Sell-offs Weigh on Crypto

As the exchange of strikes between the US and Iran entered its second week, Brent crude oil prices rose by 4% to reach $91.42, its highest level since June. This sharp rise in energy costs has reignited inflation concerns in global markets, dampening the appetite for risky assets. On the other hand, the coding successes of the Kimi K3 model developed by Moonshot AI triggered an unexpected sell-off wave in the semiconductor sector. This situation directly impacted crypto assets and tech stocks, which have recently been moving in parallel with chip manufacturers.

In terms of weekly performance, Ethereum (ETH) showed the strongest stance among major assets with a 5% increase at the $1,860 level, while projects like Hyperliquid (HYPE) dropped to $60, losing 10% amid the general risk-off sentiment. Investors’ eyes are now turned to the earnings reports to be announced by Alphabet on Tuesday, Tesla on Wednesday, and Intel on Thursday. These financial statements are seen as a critical threshold that will determine the sustainability of AI investments and whether crypto miners’ strategy to pivot toward AI has a solid financial foundation.