The run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June.
Extending its 24-hour gain to just shy of 3%, bitcoin hit $66,400 for the first time in about five weeks. The advance comes as U.S. stocks are set for sizable opening gains, led by the Nasdaq’s 1.2% advance as recently beaten-up chip stocks rally.
The news out of Iran isn’t great — with attacks continuing and oil again higher — but, for the moment, markets are looking past that conflict. For crypto in particular, movement on advancing the Clarity Act could be helping to improve the mood. Odds of its passageMallers will focus his efforts on Strike, a bitcoin financial services company he founded and leads as CEO.
Earlier this year, Twenty One had announced plans to merge with Strike , but that deal is no longer being contemplated. XXI is the second-largest corporate holder of bitcoin with 43,514 coins, according to BitcoinTreasuries. Net. XXI shares are little changed pre-market at $5.37, but down from a high above $30 during last summer’s digital asset treasury company frenzy.
The London Stock Exchange plans to introduce a near-continuous trading venue aimed at digital, algorithmic and agent-based trading. Client testing on the platform, called LSE 24, is expected to begin by the end of the year, with exchange-traded products scheduled to launch in the first half of 2027, LSEG said.
Hedge funds have sold U.S. information technology stocks in six of the last eight weeks, making the eight-week total the largest in at least 10 years, according to The Kobeissi Letter, citing prime brokerage data. That has cut tech's share of hedge fund market exposure to its lowest since February, and at the current pace it could fall to a five-year low as early as next week.
For bitcoin, broad de-risking is not the same as the AI trade simply moving elsewhere. It leaves crypto without the risk-on backdrop that a straightforward tech-to-chips rotation still provided. U.S. spot bitcoin ETFs took in about $227 million on July 20, a fifth consecutive day of net inflows for the first time since late April, per SoSoValue data. Ether ETFs added about $38 million, led by BlackRock's ETHA.
The five-day run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June. Total bitcoin ETF assets have climbed back to about $79 billion from a July low near $75 billion. BlackRock's ETHA drove the ether side with about $34 million.
Bitcoin has held its range near $63,000 as last week's chip-driven selloff paused, and the return of the ETF bid is the piece that had been missing through a quarter of mostly outflows. The test is what it holds through. The Fed meets July 28 and 29, and Big Tech earnings land this week, with Alphabet, Tesla and Intel reporting the numbers that will show whether AI spending, the trade bitcoin has moved with all month, is still climbing.
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees , TRX +3%, and deepening institutional & agentic reach. In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees , TRX +3%, and deepening institutional & agentic reach.
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees , TRX +3%, and deepening institutional & agentic reach.
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