Bitcoin Slumps Below $64K Amid US-Iran Tensions and Tech Sell-Off

Bitcoin's price slipped below $64,000 due to renewed US-Iran tensions and a tech sell-off linked to China's Kimi K3 AI model launch. The cryptocurrency has been volatile in recent days, with investors watching key support and resistance levels closely amid ongoing geopolitical and market uncertainties.

The launch of the Kimi K3 AI model by Moonshot AI caused a selloff in global tech stocks, including Nvidia and Intel, which also impacted Bitcoin's price. This surprise release outperformed top US AI systems and offered open access, sparking concerns over cheaper Chinese AI models.

US-Iran tensions have increased market risk aversion, driving investors toward safe-haven assets like U.S. Treasuries and oil. Bitcoin must reclaim $65,047 to confirm a sustained recovery toward $67,000, while a break below $62,708 could lead to further declines toward $60,000.

Institutional demand supports Bitcoin's strength around $64,000 despite increased macroeconomic fears and escalating US-Iran tensions. However, caution is advised amid ongoing geopolitical and market uncertainties.