# Bitcoin Holds Near $63,000 as a Global Selloff in Chip Stocks Pulls Risk Assets Lower

A selloff in semiconductor shares, deepened by a Chinese model topping a coding benchmark, coincided with Bitcoin falling from the $65,000 it reached on a soft inflation reading, though on-chain data showed buyers.

- Published: 2026-07-18T05:32:08.869Z
- Canonical: https://polylog.news/crypto/2026-07-18/bitcoin-holds-near-63-000-as-a-global-selloff-in-chip-stocks
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/07/17/live-markets-bitcoin-slips-to-usd63-000-as-the-chip-rout-goes-global), [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoin-price-falls-under-63000), [CoinDesk](https://www.coindesk.com/markets/2026/07/17/bitcoin-faces-fresh-headwinds-as-china-s-kimi-beats-claude-gpt-in-coding-benchmark)

Bitcoin traded near $63,000, down from the roughly $65,000 it reached earlier in the week after a soft United States inflation reading, as risk assets fell during a global selloff in chipmaker shares, according to CoinDesk. The move shows h…

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