Lukas Limbach

Crypto slipped Friday on a macro squeeze: new US tariffs, oil at a one-month high, and Treasury yields at an 18-month peak pulled money toward bonds. Spot Bitcoin ETFs snapped a seven-day inflow streak with $225M in redemptions, ending a run of nearly $1B.

Bitcoin and Ethereum opened higher on July 22 before fading, as a fresh Clarity Act draft and six straight days of spot-ETF inflows met a weaker yen, rising oil, and renewed inflation worries. Big-tech earnings became the next risk barometer.

Bitcoin cleared $66,000 for the first time in five weeks as a reported Clarity Act ethics deal and a rebound in Asian chip stocks lifted risk appetite. ETF inflows ran a fifth straight day, whales keep accumulating, and traders are watching $68,000 with oil near $90.

Bitcoin whipsawed between war-driven oil and the lingering AI-chip selloff, touching a one-month high of $65,700 before fading. Options pricing hints at a volatility surge, ETF inflows stay thin against the prior exodus, and a dense regulatory week ends with the ECB decision.

Bitcoin held above $64,700 in a quiet Sunday session as ETF inflows returned, options traders built a $2.5B bet on $72,000 by the Fed's July 29 meeting, the GENIUS Act turned one with stablecoin rules unfinished, and Michael Saylor came out against BIP-110.

Bitcoin climbed back toward $65,000 on Saturday after Friday's AI-driven selloff, while traders placed $2.5 billion in Deribit call spreads targeting $72,000 right after the Fed's July 29 meeting. Clarity Act odds hit a record low and Uniswap votes on expanding its UNI burn.

Soft June CPI — the biggest monthly drop in U.S. consumer prices since April 2020 — pushed Bitcoin above $65,000 for the first time since June 22, while Ethereum jumped ~6%. U.S. ETFs swung back to inflows and Japan advanced a bill clearing the way for spot crypto ETFs by 2027.

Bitcoin swung from an oil-driven dip to a rebound above $64K on July 14 after soft June CPI eased Fed rate-hike fears. Ethereum led the majors with a 6% jump as geopolitics and inflation kept crypto tethered to the macro tape.

Bitcoin opened its firmest in over a week and ether at a one-month high, but weekend U.S.-Iran airstrikes lifted oil and revived inflation fears, dragging both lower and overriding a backdrop where spot ETFs had just snapped an eight-week outflow streak.