MicroMummy

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.16T, down by 1.66% over the last 24 hours.Bitcoin (BTC) traded between $62,666 and $64,896 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,953, down by 1.69%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include LUMIA, BANK, and KAITO, up by 26%, 25%, and 21%, respectively.AI Stocks Are Cratering As US-Iran War is Escalating — So Why Is Bitcoin Holding Range at $62-63K?AI stocks are cratering for a second day — Kioxia down 50% from peak, Nasdaq futures down 1.8% — as markets question whether $725 billion in AI spending will ever pay off. Iran's strikes on US bases pushed Brent above $85, its best week since April, while Hormuz shipping collapsed to a 3-week low. Through all of it, Bitcoin held at $62-63K — and ETF buyers just put in $368 million over three days.Chip Selloff Enters Its Second Day — Kioxia Down 50% From Peak, TSMC Drops Despite Solid EarningsThe AI valuation reckoning deepened Friday as Kioxia extended losses to more than 50% from last month's record high after sinking 16% intraday, and TSMC dropped more than 3% despite reporting June revenue up 68% year-on-year. Investors sold TSMC because the company simultaneously raised its spending forecast — converting a confidence signal into a risk amplifier. The Philadelphia Semiconductor Index has now fallen 19% from its June peak. The central question driving the selloff is whether the $725 billion in AI infrastructure spending expected from the four biggest US operators this year will generate returns sufficient to justify current semiconductor valuations.  Strait of Hormuz Transits Drop to Three-Week Low at Just 8 Ships on July 16 — Oil Supply Uncertainty DeepensShipping data from Kpler showed only eight confirmed transits through the Strait of Hormuz on July 16 — the lowest daily passage count in three weeks — as US strikes on Iran entered their sixth consecutive night. Analysts warned the collapse in traffic volume could exacerbate crude supply uncertainty and amplify oil price volatility at a moment when Brent is already trading at $85 per barrel, up 12% on the week. The Strait normally carries approximately one-fifth of global oil and gas supplies. Gold rose 0.4% to $3,991, approaching $4,000 simultaneously through the safe-haven and inflation hedge channels.  Bitcoin Slips to $63,000 as Global Chip Rout Deepens — Nasdaq Futures Down 1.8%Bitcoin fell to approximately $63,000 Friday — down 1.7% on the day — as the deepening semiconductor selloff dragged risk appetite lower and erased most of Tuesday's CPI-driven gains. Nasdaq 100 futures dropped 1.8%, S&P 500 contracts fell 0.9%, and Asian equities hit a two-month low. Ether held better at $1,836, still up 2.4% over seven days. HYPE led crypto losses at 8% on the day. Bitcoin's 0.2% decline in prior sessions against a backdrop of Nikkei −3% and Kioxia −16% had been the week's most understated signal of structural resilience — Friday's move tests whether that floor holds.  Bitcoin ETFs Post a Three-Day $368 Million Inflow Streak — July Is on Track to Be the First Positive Month Since AprilUS spot Bitcoin ETFs recorded $79.2 million in net inflows Thursday, extending the buying streak to three consecutive sessions and bringing the three-day total to approximately $368 million. Tuesday's $181 million was CPI-triggered; Thursday's $79.2 million arrived as Bitcoin was fading from $65,000 — a more constructive signal because it reflects buyers holding positions despite deteriorating price action. Cumulative net inflows climbed to $51.2 billion with total AUM at $77.7 billion. If July closes positive it would be the first month of net positive flows since April, reversing a $6.91 billion two-month outflow cycle in May and June.  Oil Prices Rise as Iran Claims U.S. Military Targets in Syria and BahrainIran claimed Friday it targeted US military forces in Syria and Bahrain as the US completed its sixth straight night of strikes on the Islamic Republic, hitting dozens of targets including air defenses, logistics infrastructure, and maritime capabilities. Brent crude rose 0.5% to $84.67 — up more than 11% on the week, its best weekly performance since late April. Iranian state media reported eight killed and 20 wounded in the overnight strikes. Japan's Finance Minister simultaneously renewed intervention warnings as the yen hovered near a 40-year low at 162.40 per dollar, adding carry trade unwind risk to an already stressed macro backdrop.  Market movers:NVDAB: $201.18 (-4.24%)MSFTB: $395.47 (-1.41%)TSMB: $394.07 (-3.03%)GOOGLB: $349 (-7.98%)METAB: $653.71 (-5.06%)AVGOB: $366.37 (-6.43%)SPCXB: $126.36 (-7.20%)TSLAB: $385.43 (-2.38%)MUB: $823.23 (-7.15%)AMDB: $483.74 (-6.42%)