Bitcoin hovered near $64,200 on Monday, showing little change, while Brent crude rose 4% to $91.42 a barrel, its highest level since June, as U.S. and Iranian strikes widened beyond military targets. The price increase raised inflation concerns and prompted expectations that the Federal Reserve may hold rates steady, putting pressure on risk assets such as cryptocurrencies. Simultaneously, Moonshot AI’s Kimi K3 model, a Chinese open‑weight language model that led a prominent coding benchmark, triggered a selloff in semiconductor stocks that weighed on the broader market and contributed to a modest decline in crypto prices.

Bitcoin remained roughly flat on the day and was up about 3% for the week, with roughly $18 billion of trading volume. Ether gained 5% to $1,860, marking its strongest weekly performance among major cryptocurrencies, while XRP stayed at $1.09, Solana at $76, BNB at $565 and dogecoin near $0.07. Hyperliquid’s HYPE dropped 10% to $60, extending a week‑long decline without a specific catalyst beyond the overall risk‑off tone.

Equity markets showed mixed reactions: South Korea’s Kospi fell 3.5% as traders returned from a holiday, while U.S. futures steadied with the Nasdaq 100 up 0.5%.

Analysts noted that the week’s focus will be on corporate earnings rather than macro data, as no major U.S. economic releases are scheduled. Alphabet is set to report earnings on Tuesday, Tesla on Wednesday and Intel on Thursday; their results may clarify whether the recent volatility in AI‑related chip stocks and the miner‑to‑AI investment trend still has support.

The balance between oil‑driven inflation worries and the effect of the Chinese AI model on technology stocks remains unresolved as the market awaits earnings reports.