Daily Briefing

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.

A quiet Sunday: Bitcoin held its $63K-$64K range and Ethereum faded a spike to $1,842 as fresh U.S.-Iran strikes near the Strait of Hormuz pushed risk-off. Fear sits at 31 and $150M in leverage flushed - all eyes on Tuesday's U.S. CPI print.

Bitcoin defended $64K into the weekend after a 2.6% weekly rebound built on short covering, not fresh demand. ETF outflows cooled and altcoins woke up, while Treasury yields kept climbing. The next real test is Tuesday's June CPI and Fed Chair Warsh's testimony.

Bitcoin reclaimed the $64,000 handle on July 10, up more than 2% as a $221M spot-ETF inflow snapped a ten-day outflow streak. With oil cooling and Middle East fears fading, Washington's CLARITY Act push has become crypto's main catalyst heading into a decisive Senate stretch.

Bitcoin opened lower for a second day on Middle East tensions, then recovered near 63,200 as equities rallied. Bitcoin ETFs saw outflows while ether funds extended a five-day inflow streak, and reports pointed to the Clarity Act reaching the Senate this month.