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Bitcoin
2026-08-07 10:59:32

QCP: Bitcoin's Rebound to $64K Lacks Momentum, Macro Factors Remain Key

QCP Capital said Bitcoin has bounced from a low near $62,500 earlier this week to trade around $64,000. The more striking aspect is the pressure the market absorbed: Strategy sold 1,638 BTC worth roughly $105 million, and reported losses from the Coldcard security incident have climbed to about $110 million. Neither triggered a sustained breakdown. Options markets stayed calm, with front-end implied volatility near the low end of its recent range and downside skew easing. Macro data points were mixed — US manufacturing strengthened in July while labor indicators softened, with JOLTS job openings falling to 7.36 million and ADP private payrolls adding just 44,000. All eyes are on today's US jobs report. Brent crude pushed back above $83 on Strait of Hormuz uncertainty, and Japan remains a liquidity variable as the BOJ still holds roughly half of outstanding JGBs after joint intervention. QCP's takeaway: resilience is improving, but momentum remains limited. Macro liquidity, energy markets and the timeline for US digital-asset legislation are the core variables to watch.

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QCP: Bitcoin's Rebound to $64K Lacks Momentum, Macro Factors Remain Key
Bitcoin
2026-08-07 07:44:57

Bitcoin Holds Near $64,300 as Traders Wait for US Jobs Data and Oil Rebounds

Bitcoin traded near $64,350 on Friday and was unchanged on the week, while ether held at $1,903 and most major cryptocurrencies barely moved. CoinDesk said the market was waiting for the US payrolls report rather than trading on its own momentum. At the same time, Brent crude climbed 1.4% to $83.61 after reports that Iran plans to restrict US and Israeli ships through the Strait of Hormuz and seek compensation from countries it views as hostile before allowing passage. The move revived inflation concerns, pushed the 10-year Treasury yield up 7 basis points during the US session, and gave the dollar its best day in two weeks. CoinDesk said bitcoin has spent the summer trapped in that macro setup, with higher oil feeding inflation, firmer yields and a stronger dollar. Traders are now focused on the jobs release itself and, just as important, how yields react to it.

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Bitcoin Holds Near $64,300 as Traders Wait for US Jobs Data and Oil Rebounds
Bitcoin ETF
2026-07-23 02:40:15

US Spot Bitcoin ETF Inflows Hit $221.7M, End 10-Day Outflow Streak, Support BTC at $63,500

US spot Bitcoin ETFs recorded $221.7M in net inflows on July 6, ending a 10-day outflow streak and marking the strongest single-day inflow in nearly two months. Bitcoin reclaimed the $63,500 support level; analyst says holding above could target $65,700. Short covering and weaker US jobs data eased rate hike fears, boosting risk assets.

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US Spot Bitcoin ETF Inflows Hit $221.7M, End 10-Day Outflow Streak, Support BTC at $63,500