Live markets: Bitcoin slips to $63,000 as the chip rout goes global
A deepening global selloff in chipmakers dragged risk assets lower, pulling bitcoin back from the $65,000 level it reached on this week's soft inflation print.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
A deepening global selloff in chipmakers dragged risk assets lower, pulling bitcoin back from the $65,000 level it reached on this week's soft inflation print.
Live markets: Bitcoin slips to $63,000 as the chip rout goes global
Memory chips are the bedrock powering AI systems. (dujin yun/Pixabay)
15 minutes ago
·
1:57 PM
Stephen Alpher
Share
Share this post
Copy link
X icon
X (Twitter)
Crypto-related stocks down sharply as AI trade wipeout continues
Thirty minutes into Friday’s U.S. session, the Nasdaq is off the lows, but still down 1.8% for the day, with the semiconductor ETF (SOXX) off by 4%.
Bitcoin (BTC) is lower by 2.3% to $62,800 and ether (ETH) by 3.5% to $1,815.
Read more:
Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark
Most tied to the AI trade, former bitcoin miners-turned-data-center-providers are leading declines among crypto stocks. Hut 8 (HUT), Bitdeer (DTDR), and MARA Holdings (MARA) are all lower by more than 7%.
Strategy (MSTR) is down 2.25%, with its preferred stock STRC off 1%. Coinbase (COIN), Bullish (BLSH), and Circle (CRCL) are all lower by about 1.5%.
1 hour ago
·
12:56 PM
Stephen Alpher
Share
Share this post
Copy link
X icon
X (Twitter)
Mike Novogratz's Galaxy Digital inks stadium deal with Texas Tech
The home of Texas Tech’s Red Raider football team will
now be known as
Galaxy Stadium, as Galaxy Digital (GLXY) is the official data center and digital assets partner of that university’s athletic program under a 15-year agreement.
Normally, a news item like this might well be ignored, but it’s the second such deal of late between an AI infrastructure provider and an athletics program, following
IREN’s pact
with basketball’s Golden State Warriors.
These stadium naming rights deals have a long history of marking cycle tops. Pac Bell Park anyone?
1 hour ago
·
12:32 PM
Stephen Alpher
Share
Share this post
Copy link
X icon
X (Twitter)
SpaceX slips further after cancellation of Starship V3 launch
“Some of the engines didn’t start, triggering an automatic launch abort,”
said Elon Musk
Thursday evening. “Next launch attempt hopefully in a few days.”
SPCX shares are lower by 4.4% pre-market to $125.40, roughly 7% below their IPO price of $135.
12:01 p.m., July 17
Omkar Godbole
Share
Share this post
Copy link
X icon
X (Twitter)
WTI futures eye biggest weekly gain since April
Futures tied to WTI crude oil are on track for their best week since mid-April, surging nearly 12%.
That rebound has fresh implications for bitcoin.
The cryptocurrency recently climbed to a three-week high above $62,000 after softer-than-expected July inflation data eased fears of near-term Fed rate hikes. Those cooler inflation numbers were largely thanks to last month’s oil price drop. But that data is now starting to look stale.
With oil roaring higher again, inflation worries could quickly return, potentially dragging BTC lower. The cryptocurrency has already given back some ground and is trading below $64,000.
11:47 a.m., July 17
Shaurya Malwa
Share
Share this post
Copy link
X icon
X (Twitter)
Bitcoin's reversal attempt has failed, with the downtrend channel still intact
Bitcoin fell as much as 3% over 24 hours to roughly $62,800, failing to confirm the reversal that this week's soft inflation print had set up, said Alex Kuptsikevich, chief market analyst at FxPro, in a message to CoinDesk.
The move never produced a higher high, and the price dropped back below its 50-day moving average, returning to the downtrend channel that has held since June.
The lower boundary of that channel sits near $56,000. Before it, Kuptsikevich flags support at $61,000 and $59,000, both previous local lows. External pressure did the work, with a deepening global selloff in chipmakers pulling risk assets lower on Friday.
10:43 a.m., July 17
Shaurya Malwa
Share
Share this post
Copy link
X icon
X (Twitter)
Bitcoin slips to $63,000 as the chip rout goes global
Bitcoin fell to about $63,000 on Friday, down 1.7% over 24 hours and 2.2% on the week, as a deepening selloff in chipmakers dragged risk assets lower, per CoinDesk data. Ether held better at $1,836, still up 2.4% over seven days, while Hyperliquid led the losses at 8% on the day and 12% on the week.
Nasdaq 100 futures dropped 1.8% and S&P 500 contracts fell 0.9% as a semiconductor ETF slid 3% in premarket trading. Taiwanese stocks fell into a technical correction and Asia's main benchmark hit a two-month low. Europe held up better on lower tech exposure.
The question driving it is the one that has hung over the sector all month. Chipmakers are under scrutiny over whether the hundreds of billions that AI hyperscalers are spending will produce the returns to justify their valuations, and TSMC's results this week did not settle it.
Crypto is following the same current it has all quarter. This week's soft inflation print gave bitcoin a lift toward $65,000, but that was a macro trade, and the chip selloff is pulling the other way. The Fed meets July 28 and 29.
Latest Crypto News
1
Japan's SBI Group is building Asia's first cross-border digital asset empire
26 minutes ago
2
Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark
1 hour ago
3
AI frenzy losing steam leaves bitcoin less volatile than South Korean stocks
2 hours ago
4
Risk-off wave drags bitcoin below $63,000 as AI selloff spreads from stocks to crypto
3 hours ago
5
Airbnb CEO says X account was hacked, attacker posted AI-slop on tokenization
5 hours ago
6
Ether falls twice as hard as bitcoin and HYPE drops 10% as the chip trade unwinds
6 hours ago
7
This $28 million ether market bet aims to profit from pure market chaos
6 hours ago
8
DOG Mode vs. BIP-110: Inside the Bitcoin client built to bypass data restrictions
8 hours ago
9
Bitcoin under $63,000 after new U.S. strike on Iran. Trump's China comment adds to uncertainty
10 hours ago
10
$1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF
19 hours ago
Latest Research
Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
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.
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.
View Full Report
More From
Markets
Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark
Risk-off wave drags bitcoin below $63,000 as AI selloff spreads from stocks to crypto
Ether falls twice as hard as bitcoin and HYPE drops 10% as the chip trade unwinds
Crypto
CD20
$1,719.79
CD20 down 2.64 percent
2.64%
BTC
$63,382.52
BTC down 1.74 percent
1.74%
ETH
$1,831.04
ETH down 2.72 percent
2.72%
XRP
$1.08
XRP down 2.40 percent
2.40%
SOL
$74.61
SOL down 2.38 percent
2.38%
Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinDesk. It is for informational purposes only and does not constitute investment advice.
Topics & Symbols
Continue Reading
Related Reading
SBI's Coinhako deal advances plan for Asia's first digital asset empire
The latest acquisition adds to a string of investments aimed at connecting digital asset markets across Asia.
Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark
Moonshot's Kimi K3 took the top spot in frontend coding away from Claude and OpenAI, and it's free. Semiconductor stocks fell, and crypto fell with them.
AI frenzy losing steam leaves BTC price less volatile than South Korea's Kospi: Crypto Daily
The day ahead in crypto: July 17, 2026
Bitcoin (BTC) price falls below $63,00 as AI fatigue, Middle East tensions drag crypto, tech stocks lower
Crypto approached the weekend broadly lower as AI stock fatigue and U.S.-Iran tensions weighed on sentiment, though an RSI near 42 hints at oversold conditions heading into the weekend.
