Plus crypto broadly falls following memory stock slide, Coinbase leans into memes with new feature, and the Fomo app sets a new ATH.
Fraud Losses: Three customers say a fake Bitcoin wallet app on Apple's App Store stole more than $1.8 million after they entered seed phrases. Safety Claims: The lawsuit argues the fraud succeeded because the company promoted the App Store as a trusted environment while failing to remove fake Sparrow Wallet apps.
Bitcoin (BTC) is struggling below $64,000 ahead of the U.S. Federal Reserve's interest rate decision on 29 July, but artificial intelligence (AI) predicts the cryptocurrency will regain some footing by the end of the quarter.
While bitcoin BTC$63,431.84 and ether (ETH) are under pressure, their prices remain above their respective 50-day averages, a bullish sign. The broader market isn't so lucky.
BTC shed 2% as South Korea's Kospi plunged 11% and the U.S. Senate shelved the Clarity Act, leaving the market facing a pivotal Fed decision on Wednesday.
Bitcoin faces a $75,000 upside or $50,000 downside as Clarity Act uncertainty and bullish divergence shape the next move.
Bitcoin's weakness deepens as institutional capital fades.
Macro investor Raoul Pal said on Monday that Bitcoin (CRYPTO: BTC) and the Nasdaq Composite are primarily driven by “global liquidity” rather than the usual day-to-day narratives of earnings, news, or sentiment. ‘Bitcoin is Not Broken' In an X post, Pal cited Bitcoin at 87% correlation to global liquidity and the Nasdaq Composite index at 97%.
Quantum computing has officially moved out of laboratories and into real-world business. While telecommunications giant AT&T is deploying next-generation commercial processors, Bitcoin has fallen toward the $63,000 mark.
While Wall Street wobbles under the weight of profit-taking on artificial intelligence giants, the crypto market refuses to give in to panic. This unexpected resistance fuels a change in perception among investors, who see a dynamic distinct from that of tech stocks emerging.
Apple faces a federal lawsuit from three users who allege a fake Sparrow Wallet app drained $1.835 million in Bitcoin during 2025.
Bitcoin experienced a sharp 2.7% decline to approximately $63,200 on Tuesday as Asian equity markets suffered significant losses and artificial intelligence investment concerns shook technology stocks.