Live markets: 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.

SK Hynix crashes 15% and halts the Kospi as bitcoin slips in the same session

SK Hynix fell a record 15% on Monday, dragging South Korea's Kospi down 9% and triggering a market-wide trading halt. Samsung dropped nearly 11%.

Foreign investors sold 1.7 trillion won, about $1.1 billion, of Kospi shares, most of it in SK Hynix, per exchange data.

The trigger was a mix of profit-taking and mechanics. Traders pointed to fears of weaker-than-expected earnings and a rotation into SK Hynix's newly listed American depositary receipts, which jumped 13% on their U.S. debut Friday.

Less than two months after joining the $1 trillion club, SK Hynix closed at about $875 billion. Both it and Samsung are now down at least 30% from their June peaks.

Oil rises as metals underperform bitcoin

WTI crude oil has gained 3% over the past 24 hours, trading above $73 a barrel as the U.S.-Iran war continues.

Bitcoin has seen a slight drop of around 1.45% to sit slightly below $63,000. Metal have seen larger losses, with gold slipping 1.5% to just above $4,000 per ounce, while silver is over 2% lower at around $58.50.

Bitcoin ETFs record first weekly inflows in 9 weeks

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 revenue surges 68% in June on strong AI chip demand

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 slips below $63,000 in an Asian-session leverage flush

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.

Summary

1 Resurgent U.S.-Iran hostilities send bitcoin lower even as ETF flows show demand 3 minutes ago
3 Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections 1 hour ago
4 U.S. inflation, second-quarter earnings reports: Crypto Week Ahead 2 hours ago
5 Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto 6 hours ago
7 Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic 22 hours ago
8 Bitcoin is nearing a power law support line Fidelity has tracked since 2015 23 hours ago
9 Bitcoin, ether little changed as U.S. launches fresh Iran strikes Jul 12, 2026
10 Ripple once weighed shutting down and handing XRP to shareholders, CEO says Jul 12, 2026

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.

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.