Bitcoin Drops as U.S. Stock Futures Mostly Fall

Dow Jones07-16 19:39

1139 GMT - Bitcoin declines as U.S. stock futures mostly fall, led by the tech-heavy Nasdaq index. "Equity markets are in whipsaw mode again, with chip stocks driving much of the volatility as the tech earnings releases slowly get underway," XM analyst Raffi Boyadjian says in a note. Meanwhile, tensions between the U.S. and Iran persist, with further exchanges of military strikes. Bitcoin falls 1.2% to $64,167, having reached a three-week high of $65,524 on Wednesday, according to LSEG, after this week's lower-than-expected U.S. wholesale and consumer price inflation data dampened expectations for interest rate rises. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 16, 2026 07:39 ET (11:39 GMT)

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Bitcoin falls 1.2% to $64,167, having reached a three-week high of $65,524 on Wednesday, according to LSEG, after this week's lower-than-expected U.S. wholesale and consumer price inflation data dampened expectations for interest rate rises. 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Meanwhile, tensions between the U.S. and Iran persist, with further exchanges of military strikes. Bitcoin falls 1.2% to $64,167, having reached a three-week high of $65,524 on Wednesday, according to LSEG, after this week's lower-than-expected U.S. wholesale and consumer price inflation data dampened expectations for interest rate rises. 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