Live markets: Oil bounce and lingering AI selloff pushes bitcoin under $64,000

Bitcoin dropped to around $63,900 on Monday, down 1.3% from the previous day, despite a 2% weekly gain. The cryptocurrency's price was affected by a surge in oil prices, driven by US-Iran strikes, and lingering concerns over the Chinese AI selloff that hit chip stocks on Friday. Ether and other major cryptocurrencies also declined.