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Bitcoin nears $64K amid AI breakthrough from Beijing's Moonshot and mixed US inflation signals.

Market News
18 Jul 2026
Blockonomi
View Source
Neutral
pluang ai news

Bitcoin recovered to about $63,972 after midweek losses, influenced by a new AI model, Kimi K3, from Beijing's Moonshot AI that outperformed top models from OpenAI and Anthropic. This AI advancement challenges costly infrastructure assumptions, impacting Bitcoin mining profitability and market sentiment. Analysts foresee Bitcoin potentially rising toward $74,000–$76,000 but warn of downside risks to the low $50,000s. The market remains volatile, with key resistance at $65,000 needing to be reclaimed for stronger gains.

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