Crypto quietly won July. Ethereum gained 20% and Bitcoin 9%, while chip stocks fell 22% and the Nasdaq 100 slid 9%.
Researchers propose ZKPoSP, a post-quantum method to protect Bitcoin wallets from future quantum computer attacks without moving funds.
Bitcoin holds near $64,000 as bearish charts flag $60,000 support and a possible deeper drop toward $50,000 ahead.
Bitcoin trades near $64,038, boxed between $63,289 support and $65,494 resistance, with mixed signals from sentiment and momentum indicators.
The Federal Reserve held its benchmark rate at 3.50% to 3.75% on July 29 in a 9-3 vote that showed real division inside the committee: Beth Hammack, Neel Kashkari and Lorie Logan all preferred a quarter-point increase. That was the first time since September 2016 that three policymakers dissented in the same direction.
Bitcoin and other major cryptocurrencies traded largely unchanged on Thursday as global investors saw early signs that the semiconductor-led equity selloff may be stabilizing. Despite continued volatility in technology stocks, the crypto market remained resilient, with Bitcoin and Ether holding key support levels while trading activity stayed relatively subdued.
Perpetual futures, commonly known as perpetual swaps or perps, have become the dominant force behind Bitcoin, Ethereum, and broader cryptocurrency price discovery, reshaping how digital asset markets function. While many investors assume crypto prices are determined by spot market trades, research increasingly suggests derivatives now lead the market.
North Korea-linked hacking group Lazarus has once again drawn attention after moving 121.5 BTC, worth around $7.74 million, to two unidentified wallet addresses. Blockchain tracking platforms Arkham Intelligence and Lookonchain flagged the transfer. However, the purpose behind the transaction remains unknown.
S&P 500 futures gained 0.2% and Nasdaq 100 contracts rose 0.4% after the index had slipped into a correction, with Microsoft up 8% in premarket after its cloud unit grew at the fastest pace in four years while it held the line on spending.
Perpetual futures drive much of the price discovery for bitcoin and ether. When traders pointed the same machinery at a private company, they priced the biggest IPO in history more accurately than Wall Street, and then watched the stock walk away from them.
Bitcoin Options traders shrugged off September rate hike fears and eyed $70K-$75K.
China Business Journal warned that impostors used its name and Proton Mail to demand Bitcoin from companies threatened with damaging coverage.