Bitcoin Holds $63.8K as July Core CPI Leaves Markets Flat
A 2.5% Core CPI matching forecasts left BTC unchanged at $63.8K, but Solana's near-halt and roughly $247M of fresh crypto venture funding were the day's real signal.
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A 2.5% Core CPI matching forecasts left BTC unchanged at $63.8K, but Solana's near-halt and roughly $247M of fresh crypto venture funding were the day's real signal.
Only 150 unique VCs wrote checks in July, an all-time low outside the 2020 trough. Capital isn't leaving crypto; it's consolidating into fewer, more selective funds.
The week closed with 22 rounds and nearly $861M deployed. The headline is Ionic Digital's $400M, but a $288M acquisition of Bitbank by SBI Group does the heavier structural work.
Bitcoin is flat to slightly red on the week, the Fear & Greed Index is pinned at 20, and a fresh wave of bridge and protocol exploits has pushed June's hack count above 20.