0111 GMT - Bitcoin slips in the early Asian session, extending declines overnight as geopolitical tensions encourage risk-off sentiment. Despite markets lowering Fed rate-increase expectations, renewed fighting in the Middle East is stoking inflation concerns on energy prices remaining higher for longer. On the bright side, spot Bitcoin ETFs are showing modest signs of recovery, that if sustained, could help stabilize the cryptocurrency, says Konstantinos Chrysikos at Kudo.com. Near term, however, Bitcoin is likely to remain driven by geopolitical developments and their implications for oil prices, bond yields, and global monetary policy, he says. Regulatory developments could shape the medium- to long-term trajectory, with U.S. lawmakers set to discuss a key piece of crypto legislation. Bitcoin is down 0.5% at $63,775. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
July 16, 2026 21:11 ET (01:11 GMT)
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