Bitcoin Slips Below $64,000 Amid Oil Rebound and AI Selloff

Bitcoin's price slipped below $64,000 as oil prices rebounded and AI-related stocks experienced a selloff. The cryptocurrency fell by 1.3% in the past 24 hours but remains up 2% for the week.

The rising crude prices added pressure to the market, with Brent crude reaching its highest level in a month at over $91 a barrel due to the conflict between the US and Iran.

Major cryptocurrencies such as Ether, Binance Coin, XRP, and Dogecoin also experienced declines. Hyperliquid's HYPE token was among the weakest major tokens, falling 8% on the week.