Bitcoin Faces Selling Pressure Below $63K as Korean Equities Lead Global Selloff
Bitcoin liquidations remain limited as market volatility increases
Despite the recent market pullback, crypto liquidations have stayed relatively contained, reaching only about one-sixth of the peak levels recorded during the worst liquidation wave of the past 30 days, according to CoinGlass.
Bitcoin hits new lows as global markets come under pressure
Bitcoin extended its losses ahead of the U.S. stock market open, falling alongside a broader decline in global risk assets.
South Korea’s Kospi index dropped nearly 10%, weighed down by a historic 15% decline in SK Hynix shares. The weakness spread to U.S. technology markets, with Nasdaq 100 futures falling 1.15% and Micron Technology shares sliding 5% in pre-market trading.
Investor concerns were also fueled by renewed U.S. military action against Iranian targets over the weekend, pushing oil prices up by 3%.
Crypto markets followed the broader risk-off trend, with bitcoin touching a fresh session low of $62,300, down approximately 3% over 24 hours. Other major cryptocurrencies also declined.
Strive adds more BTC as bitcoin treasury reaches 19,900 coins
Strive, led by Matt Cole, expanded its bitcoin holdings by purchasing 18 additional BTC last week.
The acquisition increased the company’s total bitcoin reserves to 19,900 coins. Strive paid about $1.2 million for the purchase, averaging roughly $64,028 per bitcoin.
The funding appears to have come from common stock sales, with the company’s outstanding shares increasing from 72.946 million to 73.426 million.
ASST shares fell 2.5% in pre-market trading as bitcoin declined from above $64,000 last Friday to nearly $62,500.
Bitmine’s Ethereum holdings climb to 5.77 million ETH
Bitmine Immersion Technologies continued accumulating Ethereum, raising its holdings to 5.77 million ETH last week, according to a company update.
Chairman Tom Lee pointed to the rapid growth of Robinhood Chain, calling the Arbitrum-powered Layer 2 network one of the standout crypto developments of 2026.
Lee said the network has already surpassed $1 billion in transaction volume and achieved higher trading activity than other decentralized exchanges, demonstrating strong demand for Ethereum-based infrastructure.
BMNR shares traded about 2% lower before the market opened as Ethereum weakened toward $1,770.
Strategy adds $467 million in cash while keeping bitcoin holdings unchanged
Strategy (MSTR) boosted 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 make any adjustments to its bitcoin holdings, which remain at 843,775 BTC.
MSTR shares declined 3% in pre-market trading as bitcoin prices moved lower toward $62,800.
SK Hynix crash sends Kospi tumbling 9%
South Korean chipmaker SK Hynix suffered a record 15% drop on Monday, dragging the Kospi index down nearly 9% and forcing a temporary market-wide trading halt.
Samsung shares also dropped almost 11% as semiconductor stocks faced heavy selling pressure.
Foreign investors sold about 1.7 trillion won ($1.1 billion) worth of Korean equities, with a significant portion of the selling focused on SK Hynix.
The decline was driven by profit-taking, concerns over future earnings growth, and investors shifting funds into SK Hynix’s newly listed U.S. depositary receipts, which jumped 13% during their debut.
After joining the $1 trillion market-cap club less than two months ago, SK Hynix ended the session valued at roughly $875 billion. Both SK Hynix and Samsung are now more than 30% below their June highs.
Oil rises while bitcoin and precious metals decline
WTI crude oil gained 3% over the past 24 hours, trading above $73 per barrel as ongoing U.S.-Iran tensions supported energy prices.
Bitcoin slipped around 1.45%, trading below the $63,000 mark.
Gold fell 1.5% to slightly above $4,000 per ounce, while silver dropped more than 2% to approximately $58.50.
Bitcoin ETFs record first weekly inflows after two months of outflows
Bitcoin ETFs attracted about $197 million in weekly inflows, marking their first positive week after nine consecutive weeks of withdrawals, according to SoSoValue data.
The turnaround followed a period of heavy outflows, including $2.43 billion in May and $4.5 billion in June.
Bitcoin ETF products have recorded roughly $124 million in net inflows so far during July.
TSMC revenue surges on strong AI semiconductor demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 67.9% annual increase in June revenue, reaching approximately $13.8 billion, driven by continued demand for advanced AI chips.
The world’s largest contract semiconductor manufacturer, which supplies chips to Nvidia and Apple, generated $74.99 billion in revenue during the first half of the year, marking a 35.6% increase from the previous year.
TSMC shares gained 1% on Monday ahead of its second-quarter earnings release scheduled for July 16.
Bitcoin dips below $63,000 following Asian trading sell-off
Bitcoin fell to around $62,800 on Monday, down 1.4% over the past 24 hours after sliding from roughly $64,300 during Asian market hours, according to CoinDesk data.
The decline appeared to be a short-term leverage flush rather than a reaction to a major market event. Bitcoin has remained trapped within a $59,000–$66,000 trading range for nearly a month.
Liquidation activity was relatively small, reaching only around 16% of the levels seen during the largest liquidation event over the past 30 days.
SK Hynix’s stock decline was driven by independent factors, including profit-taking after its U.S. trading debut and investor rotation into newly launched American depositary receipts.
While SK Hynix shares are down more than 30% from their June peak, the stock has still gained over 25 times since the end of 2022.
Bitcoin has recently traded as a high-risk asset, moving alongside shifts in investor appetite between crypto and artificial intelligence-related investments. Analysts at Anchorage Digital estimate that approximately 30% of bitcoin’s recent weakness is linked to capital flowing into AI-focused sectors.
Markets are now awaiting the June inflation report on July 14 and the Federal Reserve’s July 28–29 meeting, which could determine whether crypto, technology stocks, and other risk assets experience a recovery or another decline.
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