
Bitcoin Hits a One-Month High Above $66,000
Bitcoin cleared $66,000 for the first time in a month, though two CoinDesk accounts of the day give different highs. Bitfinex put the next test at $68,000.
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Bitcoin cleared $66,000 for the first time in a month, though two CoinDesk accounts of the day give different highs. Bitfinex put the next test at $68,000.

Spot bitcoin ETFs drew $273 million over two weeks, barely more than the mildest week of the $8 billion outflow run before it. CoinDesk called it statistical noise.

Michael Saylor set out 110 points against BIP-110, a one-year soft fork that would restrict data in bitcoin transactions and cut the signalling threshold to 55%.

Traders bought 20,000 $70,000 calls and sold 20,000 $72,000 calls on Deribit for the 31 July expiry, a $2.5B notional structure that settles two days after the Fed.

US spot bitcoin ETFs drew a net $132.3 million on 17 July, a fourth straight positive session, with BlackRock's IBIT supplying more than the entire category total.

Bitcoin touched $65,200 and settled at $63,669.13, up 3%, as $357M of liquidations landed 81% on shorts — a reversal after weeks of long-side flushes.

June CPI came in below forecast on every line, with core flat on the month. Bitcoin ran from about $62,600 to above $64,500 as July hike odds fell to 12%.

Strategy has not bought bitcoin since June 22 and has raised its dollar reserve to about $3 billion, roughly 20 months of preferred dividends and debt interest.

Spot bitcoin and ether funds took in a combined $281.8M in the week to July 10, the first positive week after $9.46B of withdrawals.

Bitcoin's mining difficulty fell 5.00% to 127.17 trillion on July 11, the second large downward move in a month, lifting hashprice 12.5% to $31.1.

US spot bitcoin ETFs shed about $85 million on Wednesday, ending a three-day inflow run, while ether funds pulled in $70 million as both assets fell 3%.

A hobbyist's $150 Bitaxe solved block 957382 solo on July 9, taking the full 3.1382 BTC reward against odds of one block per 16,000 years.