How US-Iran Strikes and Weak AI Chips Drove Bitcoin Under $64K
The cryptocurrency market experienced a sharp contraction on July 20, 2026, as Bitcoin dipped below the psychological $64,000 threshold to trade near $63,900, falling 1.3% in the last 24 hours while maintaining a modest weekly gain of 2.0%. This price decline was not caused by a single factor but rather resulted from a complex convergence of geopolitical instability in the energy sector and a broader retreat in technology stocks, specifically those tied to artificial intelligence infrastructure. The immediate catalyst for the selloff was the escalation of military strikes between the United States and Iran, which triggered a rapid surge in…
