Oil’s return to nearly $108 is starting to look like more than an energy story. Brent crude jumped again after weekend attacks hit Saudi energy infrastructure and renewed concerns around the Strait of Hormuz, pushing inflation and interest-rate fears back to the center of global markets. That is a problem for both Bitcoin and technology
Bitcoin has gained 0.5% over the past 24 hours to trade near $77,600 on Monday, but has remained below $78,000 after repeated attempts to reclaim the $80,000 level have failed. CoinGecko put $BTC at $77,600 at the time of writing, with the cryptocurrency recovering from an intraday drop towards $76,500. Bitcoin briefly moved above $77,750
US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in net outflows last week, reversing after three consecutive weeks of inflows, while Ether ETFs moved the other way with nearly $197 million in net inflows. According to Farside Investors, the withdrawals ran across all four trading sessions from Tuesday to Friday. The outflows followed the
U.S. technology and artificial intelligence stocks fell in pre-market trading Monday after leading CEOs renewed concerns about the pace of AI development over the weekend. Cryptocurrencies, in contrast, rose. Bitcoin BTC$77,568.78 gained about 1% over the past 24 hours to $77,800, while ether ETH$2,513.85 added 1% to $2,500. Anthropic CEO Dario Amodei called for the
On-chain analytics company CryptoQuant stated that Bitcoin maintains its bullish outlook, but a break above the $81,700 resistance level is necessary to confirm a new bull market. Julio Moreno, the company’s head of research, noted that after Bitcoin’s 24% rise in two weeks, the movement has stalled, with the price trading between $76,000 and $82,000.
Goldman Sachs announced that it expects the US Federal Reserve (Fed) to raise interest rates by 25 basis points at its September monetary policy meeting. The bank revised its previous forecast that the Fed would not change interest rates, shifting its expectation to a rate hike. According to Jin10, a China-based financial news source, Goldman
Bitwise Investment Director Matt Hougan said that despite Strategy selling over $200 million worth of Bitcoin, the rise in the BTC price indicates strong buying demand in the market. Hougan stated that the sale does not mean the company is experiencing financial difficulties, but rather was carried out as part of capital management. According to