Bitcoin Dips Under $63K as Korea Stocks Crash, Global Markets Brace for Volatility

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Liquidations remained relatively limited, totaling only around one-sixth of the levels seen during the market’s most severe sell-off in the past month, according to CoinGlass.

Bitcoin hits fresh intraday lows before U.S. markets open

South Korea’s Kospi suffered a nearly 10% decline, pressured by a record 15% collapse in memory chip giant SK Hynix. The sell-off dragged Nasdaq 100 futures down 1.15%, while fellow chipmaker Micron Technology (MU) also fell 5% in pre-market trading.

Adding to market pressure was the U.S. military’s renewed strikes on Iranian targets over the weekend, which pushed crude oil prices up by 3%.

Cryptocurrency markets moved lower alongside broader risk assets, with bitcoin briefly falling to a new session low of $62,300, marking a roughly 3% decline over the previous 24 hours. Major altcoins also posted similar losses.

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Strive adds 18 bitcoin to its holdings

Matt Cole’s Strive increased its bitcoin treasury holdings by 18 BTC last week, bringing its total holdings to 19,900 bitcoin.

The company spent approximately $1.2 million on the purchase, averaging about $64,028 per bitcoin.

The acquisition appears to have been funded through common stock issuance, with Strive’s outstanding shares increasing from 72.946 million to 73.426 million.

Strive’s ASST shares dropped 2.5% in pre-market trading as bitcoin declined to around $62,500 from above $64,000 the previous Friday.

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Bitmine’s Ethereum holdings climb to 5.77 million ETH

Bitmine Immersion Technologies (BMNR) continued expanding its Ethereum reserves, increasing its holdings to 5.77 million ETH last week, according to a Monday announcement.

Chairman Tom Lee highlighted the rapid growth of Robinhood Chain, describing it as one of the biggest crypto success stories of 2026. He noted that the Arbitrum-based Layer 2 mainnet, launched on July 1, had already processed more than $1 billion in dollar volume and surpassed other decentralized exchanges in trading activity, showcasing Ethereum’s underlying ecosystem strength.

BMNR shares slipped about 2% in pre-market trading, following Ethereum’s weekend decline toward $1,770.

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Strategy raises $467 million in cash while maintaining bitcoin position

Strategy (MSTR) increased its cash reserves by $466.7 million last week through common stock sales, according to a Monday SEC filing.

The company’s USD Reserve has now grown to $3 billion.

Strategy did not buy or sell any bitcoin during the period, leaving its holdings unchanged at 843,775 BTC.

MSTR shares fell 3% before the market opened, tracking bitcoin’s decline toward $62,800 over the weekend.

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SK Hynix plunges 15%, dragging South Korea’s Kospi lower

SK Hynix shares suffered a record 15% drop on Monday, sending South Korea’s Kospi index down 9% and triggering a market-wide trading halt. Samsung also declined nearly 11%.

Foreign investors sold approximately 1.7 trillion won ($1.1 billion) worth of Kospi stocks, with the majority of selling concentrated in SK Hynix, exchange data showed.

The decline was driven by profit-taking concerns and market dynamics, with investors worried about weaker earnings expectations and shifting capital into SK Hynix’s newly listed U.S. depositary receipts, which surged 13% during their debut session on Friday.

Less than two months after reaching a $1 trillion valuation, SK Hynix ended the session valued at roughly $875 billion. Both SK Hynix and Samsung have now fallen at least 30% from their June highs.

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Oil gains as bitcoin and metals decline

WTI crude oil climbed 3% over the past 24 hours, trading above $73 per barrel as tensions from the ongoing U.S.-Iran conflict continued.

Bitcoin slipped about 1.45%, trading just below $63,000.

Precious metals experienced sharper declines, with gold falling 1.5% to slightly above $4,000 per ounce, while silver dropped more than 2% to around $58.50.

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Bitcoin ETFs post first weekly inflows in nine weeks

U.S. spot bitcoin ETFs recorded their first weekly net inflows in nine weeks, attracting approximately $197 million, according to SoSoValue data.

The inflows ended an eight-week streak of withdrawals, which included $2.43 billion in outflows during May and $4.5 billion in June.

So far in July, bitcoin ETFs have recorded around $124 million in net inflows.

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TSMC revenue jumps 68% as AI chip demand accelerates

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chip producer and a key supplier for companies such as Nvidia and Apple, reported a 67.9% year-over-year increase in June revenue to around $13.8 billion, according to CNBC.

First-half revenue reached $74.99 billion, representing a 35.6% annual increase, fueled by strong demand for advanced artificial intelligence semiconductors.

TSMC shares gained 1% on Monday, with the company scheduled to report second-quarter earnings on July 16.

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Bitcoin falls below $63,000 during Asian-session leverage shakeout

Bitcoin dropped to approximately $62,800 on Monday, declining 1.4% over 24 hours after falling from around $64,300 during Asian trading hours, according to CoinDesk data.

The decline was not driven by a major new catalyst. Bitcoin has remained within a $59,000–$66,000 range for about a month, with the latest Asian-session move representing a leverage-driven market reset rather than a major breakdown.

Liquidations were modest, reaching only about one-sixth of the levels recorded during the worst liquidation event of the past 30 days, according to CoinGlass.

SK Hynix’s stock decline in Seoul occurred for separate reasons, including profit-taking after its U.S. trading debut and investor rotation into newly listed American depositary receipts. The stock has fallen more than 30% from its June peak despite rising over 25 times since the end of 2022.

While bitcoin and semiconductor stocks moved in the same direction recently, the two declines are not directly connected.

Bitcoin has increasingly traded as a high-beta risk asset, with global investors shifting focus between crypto and the artificial intelligence sector. Analysts at Anchorage Digital estimate that around 30% of bitcoin’s recent weakness has been linked to capital moving into AI-related investments.

Markets are now watching the June inflation report due July 14 and the Federal Reserve meeting scheduled for July 28–29, both of which could determine whether risk assets, cryptocurrencies, and semiconductor stocks recover or face further declines.

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