Bitcoin Sulks Below $65,000 as Crypto Chill Continues

Dow Jones10:31

0231 GMT - Bitcoin edges down in early Asia trade, sulking below the closely watched $65,000 level as markets reassess rate-hike views. While a cooler U.S. inflation reading pushed Treasury yields and the dollar lower, providing support for risk assets, expectations for higher rates by the Fed continue to underpin bond yields, limiting Bitcoin's upside, says Li Xing at Exness. Broader institutional demand trends remain soft, with Bitcoin ETFs experiencing net outflows of about $6.9 billion in May-June, while July remains negative overall. Until flows reverse, any rally is unlikely to be sustained, the strategist adds. Continued Middle East hostilities top off the negative backdrop for crypto. Bitcoin slips 0.5% to $64,641. (fabiana.negrinochoa@wsj.com)

 

(END) Dow Jones Newswires

July 15, 2026 22:31 ET (02:31 GMT)

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