Bitcoin
2026-07-17 07:55:00BTC slips below key support as AI stock selloff deepens pressure across crypto and U.S. futures
Bitcoin fell to around $62,700 on July 17, breaking below the $63,000-$64,000 support zone that many traders had been watching, while order-book data showed sell pressure near $65,000 and buying interest around $61,000-$62,000. PANews, citing BIT U.S. Stocks, Greeks.live, Coinglass and several market participants, said $1.2 billion in BTC options were set to expire with a max pain level at $63,000. Trader Killa also flagged a recurring pattern in which Bitcoin has often posted at least a 5% pullback after the 14th of the month, with 11 of the past 12 instances showing roughly that scale of decline.
The report tied weakness in crypto to a broader retreat in risk assets, especially after losses in AI, semiconductor and memory shares weighed on sentiment. Nasdaq futures fell as much as 1.61% in Asian trading, while crypto-related U.S. stocks and mining names also moved lower. Ethereum held up better than Bitcoin, returning to a $1,750-$1,900 range, though traders remained divided over whether it could extend toward $2,000-$2,100 or slip back toward $1,600-$1,650. The report also highlighted ETF flow data, token unlock schedules, and upcoming AI events in Shanghai and San Francisco as near-term points to watch.