Bitcoin Drops as July Fed Rate-Hike Odds Jump to 50%
Crypto is bleeding on a hawkish Fed repricing, an oil-fuelled inflation scare, and Strait of Hormuz risk ahead of Tuesday's CPI print and Chair Warsh's first congressional testimony.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Crypto is bleeding on a hawkish Fed repricing, an oil-fuelled inflation scare, and Strait of Hormuz risk ahead of Tuesday's CPI print and Chair Warsh's first congressional testimony.
The transfer lands a week after Binance's July 1 reserves snapshot showed BTC holdings climbing and ETH and USDT balances falling, a pattern that often precedes or follows large custody reshuffles.
A 50/50 prediction-market read frames a four-week sprint before summer recess, with Patrick Witt's framing of the bill as Ethereum's ETF moment adding the structural upside if it lands.
Deposits, not sales yet, but the flow direction is clear: the DOJ's seized BTC and ETH stockpile is moving back into market plumbing eight hours after a top-tier wallet cluster moved.
1.9K $BTC (≈115.8M) moved from unknown wallet to unknown wallet.
2.4K $BTC (≈150.5M) moved from unknown wallet to unknown wallet.
1.4K $BTC (≈88.5M) moved from #OKEX to unknown wallet.
Retail chatter on X is back to 2020 levels, even as institutional flows and ETF assets under management push in the opposite direction.
The model frames three compounding forces, ETF inflows, corporate treasury adoption, and rate-cut liquidity, as structural enough to break $68K resistance, but its $40K–$45K tail calls macro tail…
974 $BTC (≈60.7M) moved from Coinbase Institutional to unknown new wallet.
950 $BTC (≈59.1M) moved from Coinbase Institutional to unknown new wallet.
925 $BTC (≈57.4M) moved from Coinbase Institutional to unknown new wallet.
950 $BTC (≈59.1M) moved from Coinbase Institutional to unknown new wallet.
2.7K $BTC (≈171M) moved from unknown wallet to Coinbase Institutional.
HIP-3 built-in markets have grown from a niche experiment to nearly half of Hyperliquid's perp flow in weeks, a structural shift that pulls 24/7 equity trading onto the onchain rails.
Two years of regulatory hibernation gave Coinbase and Kraken room to run. A 2bp taker fee and a perps license push are how Binance.US says it will claw the volume back.
Seth Ginns sees crypto prices lagging the strongest fundamentals in years even as TradFi rails converge with on-chain finance and CEX volumes snap a five-month decline.
Prager frames the 20-year, $19B lease as the moment TeraWulf exits its mining origins: capital is moving away from hashrate and into wholly owned AI campuses where power quality beats land.
The model anchors its bull case to three live data points: $1.5B in spot XRP ETF inflows, the EU MiCA license, and $2.5B in July RLUSD settlement on the XRP Ledger.
2.9K $BTC (≈178.1M) moved from unknown wallet to Coinbase Institutional.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitcoin Drops as July Fed Rate-Hike Odds Jump to 50%" — read at /en-US/a/bitcoin-drops-as-july-fed-rate-hike-odds-jump-to-50.