Bitcoin Slumps Under $64K: Oil Shock and AI Pain Hit Crypto
Why Bitcoin Dropped Below $64,000 TodayBitcoin fell below **$64,000** on July 20, 2026, trading near **$63,900** as two major forces weighed on the market: a surge in oil prices and a sharp selloff in AI-related tech stocks . Brent crude oil jumped past **$91 per barrel** following escalating military tensions between the U.S. and Iran, reigniting fears of renewed inflation and tightening monetary policy . At the same time, disappointment over AI earnings from Asian chipmakers triggered a tech-sector downturn, with South Korea’s Kospi index dropping **3.5%**, dragging down sentiment in crypto due to its perceived link to technology assets…
