Live markets: Report of Iran proposal sends oil lower, crypto and stocks higher

Live updates: Bitcoin dips to $63,900 as markets weigh oil and lingering AI selloff

liveUpdated 57 minutes ago

War drives oil up, the Kimi selloff drags chips down, and bitcoin sits between them.

By Shaurya Malwa

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Bitcoin slipped to about $63,900 on Monday, down 1.3% on the day though still up 2% on the week, as crypto stayed caught between a war driving oil higher and the Chinese AI shock that hit chip stocks on Friday.

The board is red across the day. Ether eased 1.1% to $1,850, BNB fell 0.8% to $564, XRP slipped to $1.09 and dogecoin lost 1.4%. Hyperliquid’s HYPE remained the weakest of the majors, down 8% on the week to $60.

Brent crude climbed to a one-month high above $91 a barrel as U.S.-Iran strikes widened, reviving the inflation worry that this month’s soft U.S. price data had eased. Meanwhile, Asian chip stocks stayed under pressure from Friday’s selloff, with South Korea’s Kospi down 3.5%, though U.S. futures pointed higher.

By CoinDesk Research

Jul 13, 2026

CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.

Why it matters:

CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.


 

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