Live updates: Bitcoin slips below $63,000 in an Asian-session leverage flush

The liquidations were minor, running at about a sixth of what the market saw at its worst over the past 30 days, per CoinGlass.

WTI crude oil has gained 3% over the past 24 hours, trading above $73 a barrel as the US-Iran war continues. Metals have fallen more sharply than Bitcoin, which is down just 1% at around $63,000. Gold has slipped 1.5% to just above $4,000 an ounce, while silver is down over 2%, below $59.

Bitcoin exchange-traded funds (ETFs) recorded their first weekly inflows in nine weeks, attracting roughly $197 million, according to SoSoValue . This followed eight consecutive weeks of outflows, including $2.43 billion in May and $4.5 billion in June.

July has recorded $124 million in net inflows thus far.

TSMC, the world’s largest contract chipmaker, manufactures semiconductors for companies including Nvidia (NVDA) and Apple (APPL). The company reported a 67.9% year-on-year surge in June revenue to approximately $13.8 billion, according to CNBC .. First-half revenue reached $74.99 billion, up 35.6%, driven by strong demand for advanced AI chips. TSMC’s shares rose 1% on Monday. Its second-quarter earnings are due on July 16.

Bitcoin fell to about $62,800 on Monday, down 1.4% over 24 hours, after sliding from roughly $64,300 during Asian morning hours, per CoinDesk data.

Nothing new drove it. Bitcoin has traded between roughly $59,000 and $66,000 for a month, and the Asian-session drop was a leverage flush inside that range. The liquidations were minor, running at about a sixth of what the market recorded at its worst over the past 30 days, per CoinGlass .

SK Hynix fell in Seoul the same day, but for its own reasons. The memory chipmaker's shares dropped after its U.S. trading debut, with traders pointing to profit-taking and a shift into the new American depositary receipts. The stock is down more than 30% from its June record after a run that took it up more than 25-fold since the end of 2022.

The two moves are not directly linked today, but they have shared a direction for weeks.

Bitcoin has traded as crypto's highest-beta risk asset while the AI and chip trade set the tone for global risk appetite, and analysts at Anchorage Digital attribute roughly 30% of the pressure on bitcoin to capital rotating into AI.

The June inflation print lands July 14, and the Fed meets July 28 and 29, the two events most likely to decide whether risk assets, crypto and chip stocks alike, get relief or another leg down.

Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.

Disclosure & Polices : CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.

新闻图片