Investment
Features
FeesSafety
Academy
More
Pluang+

Launch of Chinese AI model Kimi K3 drags Bitcoin below $64K amid tech selloff

Market News
17 Jul 2026
Crypto Briefing
View Source
Bearish
Launch of Chinese AI model Kimi K3 drags Bitcoin below $64K amid tech selloff

The launch of Kimi K3 by Chinese AI startup Moonshot AI triggered a selloff in semiconductor stocks and risk assets, causing Bitcoin to fall below $64,000. The new AI model raised concerns about US chipmaker valuations, impacting tech stocks and spreading weakness to cryptocurrencies like Ethereum, Solana, and XRP. Bitcoin remains stuck below its June high, closely tied to tech market sentiment, while the Crypto Fear and Greed Index signals fear. Investors now await the upcoming Federal Reserve meeting, which could influence Bitcoin's next move depending on the Fed's rate decision and guidance.

More News (BTC)

XRP surges 6.43% ahead of key U.S. Senate crypto vote and Federal Reserve meeting.

XRP surges 6.43% ahead of key U.S. Senate crypto vote and Federal Reserve meeting.

XRP led a crypto rally with a 6.43% gain over 24 hours as of September 14, 2026, outperforming Bitcoin and Ethereum ahead of a Federal Reserve meeting and unconfirmed reports of a Senate vote on crypto legislation. The Senate vote, tied to the CLARIT...

Market News
Bullish
7 hours ago
Bitcoin price rises 3% amid US-Iran tensions and Fed rate hike anticipation

Bitcoin price rises 3% amid US-Iran tensions and Fed rate hike anticipation

Bitcoin's price climbed about 3% to around $79,143 after touching $79,325, driven by U.S. President Trump's comments suggesting Iran seeks a deal with Washington, despite Iranian media denying this. The geopolitical tensions have kept oil prices abov...

Market News
Bullish
10 hours ago
Bitcoin trapped between $76K-$82K liquidation zones ahead of Fed rate decision, risking sharp moves either way.

Bitcoin trapped between $76K-$82K liquidation zones ahead of Fed rate decision, risking sharp moves either way.

Bitcoin remains stuck in a narrow range between $76,000 and $82,000 as traders await the Federal Reserve's interest rate decision. Large leveraged positions near these levels create significant liquidation risks, with $1.95 billion in short positions...

Market News
Neutral
10 hours ago
Bitcoin and XRP prices steady ahead of key U.S. CLARITY Act vote and Fed rate decision.

Bitcoin and XRP prices steady ahead of key U.S. CLARITY Act vote and Fed rate decision.

Bitcoin traded near $78,700 and XRP around $1.41 as investors awaited the U.S. Senate's procedural vote on the CLARITY Act, which could reshape crypto market regulations. The broader crypto market saw a 1.32% gain, driven by optimism about the bill, ...

Market News
Neutral
11 hours ago
Cryptocurrency prices show mixed movements with Bitcoin up 2.12% and notable gains in XLM and NEAR.

Cryptocurrency prices show mixed movements with Bitcoin up 2.12% and notable gains in XLM and NEAR.

Cryptocurrency markets exhibit varied price changes, with Bitcoin rising 2.12% to $78,941 and Ethereum up 1.02%. Significant gains are seen in XLM (+9.12%) and NEAR (+9.52%), indicating strong interest in these altcoins. Meanwhile, some tokens like R...

Market News
Neutral
13 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App