Bitcoin fell to $64,000, with trading data showing the price at $63,915 and $64,452.50 at different points. Ether dropped 0.25% since midnight UTC.
286 million USD
Total value of liquidated positions in 24 hours.
Approximately $286 million in positions were liquidated in 24 hours. Long positions accounted for $186 million of this total, while short positions made up $100 million.
Federal Reserve Decision
The Federal Reserve kept interest rates unchanged. Three committee members voted for an interest rate increase.
Geopolitical Developments
Iran launched multiple ballistic missiles at U.S. troops. President Donald Trump vowed to hit Iran 'hard' in response.
Hit Iran 'hard'
— President Donald Trump
Oil surged 8% overnight, erasing Monday’s declines. U.S. equities fell, with the Dow dropping 2.2% and the Nasdaq falling to a three-month low.
S&P 500 and Nasdaq index futures are now slightly positive. Microsoft and Meta earnings after the bell today could swing sentiment.
Updates
Bitcoin is set to close July with a 10% gain despite underperforming in the global tech stock rally. Strategy, the largest public holder of the asset, reported an $8.22 billion second-quarter loss while simultaneously increasing its holdings by approximately 11%. Additionally, Coinbase shares declined in after-hours trading following weaker-than-expected earnings, while volatile spot ETF fund flows highlight the ongoing caution among institutional investors regarding interest rates.
Bitcoin is set to close July with approximately a 10% gain, despite failing to track the Nasdaq's 3% rise driven by optimism over AI investments and Microsoft's strong earnings. Meanwhile, Strategy reported an $8.22 billion second-quarter loss while simultaneously increasing its Bitcoin holdings by 11%, and Coinbase shares dropped in after-hours trading due to revenue figures falling short of expectations. Institutional caution persists, as reflected in volatile spot ETF flows and rising energy costs, which analysts suggest may restrict the Federal Reserve's room for future interest rate cuts.
While Bitcoin is set to close July with an approximate 10% gain, Strategy reported an $8.22 billion loss in the second quarter despite increasing its Bitcoin holdings by roughly 11% during that period. Additionally, Coinbase shares declined in after-hours trading following reports of weak revenue and losses that exceeded market expectations due to low digital asset trading volumes.
