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Bitcoin Slips Near $63,500 as Traders Await Inflation Data and Oil Prices Climb

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NEW YORK — Bitcoin traded lower on Tuesday, hovering near $63,482 after declining about 0.67 percent, or roughly $429, as investors positioned ahead of a key U.S. inflation report and responded to renewed pressure from higher oil prices tied to Middle East developments.

The cryptocurrency spent much of the session testing levels just above $63,000 after failing repeatedly in recent days to sustain moves above $65,000. Trading remained cautious across digital assets, with ether also posting declines as risk appetite softened.

Market participants pointed to several overlapping factors. Optimism about a rapid resolution to disruptions in the Strait of Hormuz faded after signals that reopening the vital oil transit route was not imminent. That development helped push crude prices higher, including Brent futures moving above $89 a barrel in some sessions, raising concerns about renewed inflationary pressure.

Higher energy costs complicated the outlook for Federal Reserve policy just as traders prepared for the release of the Consumer Price Index data. Last week’s weaker-than-expected U.S. jobs figures had already reduced the perceived likelihood of a near-term rate increase, but the combination of rising oil and the approaching inflation print kept many investors on the sidelines.

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U.S. spot Bitcoin exchange-traded funds recorded net outflows of approximately $144 million to $145 million on Monday, ending a multi-day streak of inflows that had provided steady institutional support. The shift removed one source of buying pressure at a time when broader trading volumes in cryptocurrencies sat near multi-year lows.

Additional selling emerged from other channels. Reports indicated that Strategy, a major corporate holder of Bitcoin, had sold 1,690 BTC between early and mid-August at an average price near $64,262. Liquidations of leveraged long positions, totaling more than $47 million in some tallies, amplified the downside once price rejected the $65,000 area.

Bitcoin has largely traded in a range between roughly $64,000 and $67,000 in recent weeks. Analysts described the repeated failures to hold above $65,000 as notable for the lack of aggressive follow-through selling, suggesting short positioning rather than widespread profit-taking by longer-term holders. Some market observers identified the $63,900 to $63,600 zone as an important near-term support area. A sustained break below that region, they said, could open the door to further declines.

Gold, by contrast, attracted safe-haven flows and climbed to nine-week highs near $4,435 an ounce as investors sought traditional defensive assets. The divergence highlighted a temporary preference for established stores of value amid macroeconomic and geopolitical uncertainty.

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The broader crypto market mirrored Bitcoin’s weakness. Major tokens including ether and XRP posted losses exceeding 2 percent in some 24-hour periods. Open interest and order-book data showed clusters of liquidations and institutional orders around key technical levels, contributing to the choppy price action.

Looking ahead, Wednesday’s inflation figures are expected to serve as the next major catalyst. A softer-than-expected reading could revive expectations for easier monetary policy and support a rebound attempt toward $65,000 or higher. A hotter print, particularly if oil prices remain elevated, risks reinforcing inflation concerns and pressuring risk assets further.

Bitcoin’s longer-term context remains one of significant volatility following its all-time high above $128,000 in late 2025. The current consolidation reflects a market digesting mixed signals from institutional flows, corporate activity, leveraged trading and macroeconomic data. Volumes have stayed subdued relative to earlier periods of stronger momentum, limiting the force of both rallies and sell-offs.

Traders continue to monitor developments on the energy front closely. Any concrete progress toward restoring oil flows through the Strait of Hormuz could ease inflation fears and improve sentiment for Bitcoin and other risk assets. Conversely, prolonged uncertainty tends to favor defensive positioning.

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Technical indicators offered a mixed picture. Daily relative strength readings hovered near neutral levels, while price action remained below certain longer-term moving averages that had previously acted as resistance. The 50-month exponential moving average near $65,800 was cited by some chart watchers as a meaningful overhead barrier.

Despite the near-term pressure, institutional interest through regulated products has not disappeared entirely. Earlier inflow streaks into spot Bitcoin ETFs demonstrated ongoing demand from traditional finance channels even as day-to-day flows fluctuate. Corporate treasury strategies and other large holders continue to shape supply dynamics in the market.

As the inflation report approaches, Bitcoin’s ability to defend the $63,500 to $64,000 region will be closely watched. A successful hold could set the stage for renewed attempts at higher levels once clarity on the data emerges. A decisive break lower would likely shift focus to deeper support zones and raise questions about the durability of the recent range.

The session on Tuesday illustrated the sensitivity of cryptocurrency markets to both traditional macroeconomic signals and geopolitical developments that affect energy prices and broader risk appetite. With trading volumes relatively light and positioning cautious, even modest shifts in sentiment produced visible price moves.

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Bitcoin closed the period under review near $63,482, reflecting a modest decline that fit within a broader pattern of consolidation. Market participants now turn their attention to the inflation numbers and any further signals from the oil market for the next directional cue.

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Meta, TikTok lose bid to dismiss thousands of social media addiction lawsuits

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Meta lobbies lawmakers for immunity from child harm lawsuits: report

A federal appeals court refused to dismiss thousands of lawsuits against Meta, Google, TikTok and Snapchat, allowing complaints alleging the platforms were designed to be addictive to young users to move forward.

The Ninth U.S. Circuit Court of Appeals rejected an appeal by Meta and TikTok attempting to overturn a lower court ruling requiring the firms to face more than 3,000 lawsuits filed in federal court, ruling the companies appealed too early.

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The social media companies claimed that Section 230 of the Communications Decency Act of 1996 — which generally shields online platforms from being liable for content posted by their users — also prohibits lawsuits on allegations they failed to warn the public about the addictive design of their platforms.

Section 230 has largely protected several companies from lawsuits regarding content posted on their platforms.

NEW MEXICO COURT ORDERS META TO PAY $567M, OVERHAUL TEEN PROTECTIONS ON FACEBOOK AND INSTAGRAM

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A U.S. appeals court refused to dismiss thousands of lawsuits against Meta, Google, TikTok and Snapchat. (Getty Images / Getty Images)

Most appeals come after a case has reached a ruling or a verdict, but the companies claimed that they should not have to wait until the litigation wraps up to challenge the lower court’s rejection of their immunity defense.

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However, the court ruled the companies cannot use Section 230 to dismiss lawsuits, saying it can only be used as a liability defense against claims, meaning the appeal was premature.

The statute “merely provides a defense to liability — not immunity from suit,” Judge Jacqueline Nguyen wrote.

The court’s decision clears the way for lawsuits alleging social media companies designed platforms to encourage addictive behavior, failed to verify users’ ages and did not adequately block harmful content.

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The Ninth U.S. Circuit Court of Appeals ruled Meta and TikTok appealed too early. ((Photo Illustration by Onur Dogman/SOPA Images/LightRocket via Getty Images) / Getty Images)

The panel also denied Meta’s attempt to postpone a trial set to begin on Wednesday in a lawsuit brought by 29 state attorneys general accusing the company of illegally collecting and using children’s data, designing its social media platforms to addict young users and misleading consumers about child safety on the platforms.

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The company had claimed that the trial could not move forward while the appeal was pending.

Fox Business reached out to Meta and TikTok for comment.

Attorneys representing thousands of school districts and people suing Meta and other tech firms in federal court, said in a statement the ruling would allow the states’ trial to move forward, as well as a trial over claims brought by school districts set for February.

FOUR STATES SEEKING $1.4 TRILLION IN PENALTIES IN CHILD SOCIAL MEDIA ADDICTION TRIAL, META SAYS

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Section 230 “merely provides a defense to liability — not immunity from suit,” Judge Jacqueline Nguyen wrote. (AaronP/Bauer-Griffin/GC Images / Getty Images)

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“A trial is how the public finds out what Meta knew about its products’ impact on children, when it knew it, and what it chose to do with that knowledge,” the attorneys said. “Meta has fought to keep that evidence from the public.”

This comes after a New Mexico judge last week found Meta had created a public nuisance in the state, ordering it to pay $567 million into a teenage mental health fund and adopt youth-safety measures.

In March, a jury in California ruled against Meta and Google’s YouTube, while a jury in New Mexico ruled against Meta on child safety risks.

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Reuters contributed to this report.

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Twilio Stock Vaults 25% On Earnings, Hits High; Two More Stocks On Watch

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Twilio Stock Vaults 25% On Earnings, Hits High; Two More Stocks On Watch

Tracking stocks that are outperforming others is a powerful way of finding leaders. When that outperformance hits a high, their relative strength score spikes. Investor’s Business Daily’s stock screener for stocks with their relative strength at new highs shows three names near buy zones. Acadian Asset Management (AAMI) is hovering just above buy range from a cup-with-handle base that has…

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Elizabeth Smart Says Nancy Guthrie ‘Could Absolutely Still Be Alive’ Six Months After She Vanished

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Nancy Guthrie

Kidnapping survivor and advocate Elizabeth Smart says she believes Nancy Guthrie, the 84-year-old mother of “Today” show co-anchor Savannah Guthrie, could still be found alive, offering a message of continued hope more than six months into one of the country’s most closely watched missing-person investigations.

Nancy Guthrie was last seen at her home in Tucson, Arizona’s Catalina Foothills neighborhood on the night of January 31, and was reported missing the following day. Doorbell camera footage from her home captured images of a masked individual, whom investigators and the public have since referred to as “Porch Guy,” though no suspect has been publicly identified and the case remains unsolved. The Pima County Sheriff’s Department has said the investigation remains active, with federal agents continuing to search areas around Guthrie’s neighborhood in the months since her disappearance.

Smart, who survived a nine-month abduction as a 14-year-old in 2002, has repeatedly weighed in on the case in the months since Guthrie went missing, offering a perspective shaped by her own experience being held captive before her eventual rescue. “She could absolutely still be alive,” Smart said, according to RadarOnline, reiterating a message she has delivered in multiple interviews since the spring.

Smart has consistently pointed to other missing-person cases in which victims were recovered alive after periods far longer than her own captivity. In earlier remarks to CNN’s Erin Burnett, Smart said cases exist that “span many more years than mine does,” adding that people have returned alive after being missing for years. She has said that while a darker outcome remains possible, investigators and the public should continue searching until there is definitive information either way.

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Central to Smart’s reasoning is the fact that no remains have been found in Guthrie’s case. “I want to remind people that there isn’t a body,” Smart has said, arguing that the absence of that evidence leaves open the possibility that Guthrie remains alive somewhere and has not yet been located.

At the same time, Smart has been careful not to overstate her own certainty about the specifics of the investigation. “I would remind people that we don’t know all the details,” she said, adding that she hopes investigators possess more information than has been made public and that meaningful progress is being made behind the scenes.

Smart’s message has taken on renewed weight as the case has moved well past the point at which many missing-person investigations are typically resolved. Law enforcement officials have historically noted that survival odds in abduction cases tend to drop sharply within the first 24 to 48 hours if a victim is not located, a grim statistical reality Smart has acknowledged publicly even as she has pushed back against treating it as a foregone conclusion in Guthrie’s case, citing her own survival as evidence that early statistics do not always determine a case’s outcome.

Guthrie’s family has continued to make public appeals throughout the investigation. On August 1, marking six months since her mother’s disappearance, Savannah Guthrie shared an emotional message describing the toll the uncertainty has taken on the family. “This is our beautiful mom,” Guthrie wrote, describing how someone had taken her mother “out of her bed in the dead of night” six months earlier. She wrote that the family had lived “every moment, every breath, and every heartbeat in agony and despair” since that night, adding a pledge that the family would “never stop looking for answers” or “looking for the light.”

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The Guthrie family has also offered a reward, reported at $1 million, for information leading to Nancy’s safe return or a resolution of the case. Savannah Guthrie has made repeated public pleas since her mother’s disappearance, including appeals directed specifically at whoever may be responsible, urging them to reveal her mother’s location.

The investigation has produced several developments in recent months without resulting in a publicly announced breakthrough. Investigators have reviewed extensive surveillance footage from the area surrounding Guthrie’s home, continued soliciting tips from the public, and revisited physical locations near the property multiple times as the case has progressed. In late July, the Pima County Sheriff’s Department released two ransom notes tied to the case, asking the public for help identifying the writing style, though at least one forensic psychologist has since publicly questioned whether the notes are genuine.

Smart, who has built a career as an advocate for kidnapping survivors and missing people since her own rescue in March 2003, has also used her public platform to appeal directly to anyone who might have relevant information, however small it might seem. She has urged people to report any detail, no matter how insignificant it might appear, saying such information could ultimately make a meaningful difference in locating Guthrie. Smart has also asked the public to extend patience and compassion to the Guthrie family as the investigation continues without resolution.

With the case now well past its six-month mark and no suspect publicly named, Smart’s message has continued to resonate with those following the investigation, offering a note of cautious optimism grounded in her own experience even as the underlying facts of Guthrie’s disappearance remain unresolved.

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ASEAN’s Rise as a Global Innovation Leader in the Intelligent Age

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Timor-Leste's Path to ASEAN Membership: A Hard-Won and Heartfelt Victory

ASEAN is transitioning from a follower to a global innovation leader. Despite global challenges, the bloc’s economy is booming, projected to be the world’s fourth-largest by 2030. Leveraging AI and digital trade, ASEAN is poised to address socio-economic issues and drive inclusive prosperity.

The region also champions climate action, facing environmental threats but exploring clean energy transitions aided by technology. ASEAN’s diplomatic approach, prioritizing unity and consensus, strengthens its role as a stabilizing force amidst geopolitical complexities. With strategic partnerships and forward-thinking policies, ASEAN aims to lead in the Intelligent Age, shaping a sustainable and prosperous future.

  • The Association of Southeast Asian Nations is transitioning from a fast follower to a global leader in innovation.
  • By leveraging economic influence and strategic partnerships, the bloc can solidify its role as a stabilizing force in the global arena.

Three years ago, while the world grappled with COVID-19, we highlighted the Association of Southeast Asian Nations’ (ASEAN) potential for post-pandemic inclusive growth and prosperity.

Today, the global landscape has shifted significantly with the challenges of geopolitical tensions, climate change, a widening digital divide and rapidly advancing artificial intelligence (AI). Yet, ASEAN’s resilience and promise remain steadfast.

ASEAN has consistently ranked among the top foreign direct investment recipients for three consecutive years and reached a record $230 billion in 2023, defying a global decline.

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Macroeconomic trends reveal ASEAN’s gross domestic product rose to $3.8 trillion in 2023 from $2.5 trillion in 2015, while regional trade increased from $2.3 trillion to $3.5 trillion over the same period. These gains have significantly elevated per capita income.

Poised to become the world’s fourth-largest economy by 2030, ASEAN leverages opportunities in the Intelligent Age, defined by AI, quantum computing and blockchain to transcend traditional growth models and foster inclusive prosperity.

However, success demands integrating digital, environmental, social and geopolitical intelligence. Given ASEAN’s trajectory, we argue that the region is uniquely positioned to lead and serve as a model for navigating this transformation.

Leading in AI-driven transformation

ASEAN’s progression into the Intelligent Age signifies a shift from its historical role as a fast follower to that of a global leader in innovation. AI and other advanced technologies give it a unique opportunity to design and implement tailored solutions that address its distinct socio-economic challenges.

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Digital trade, encompassing e-commerce, digital services and data flows, is the engine of ASEAN’s economic growth. The region’s 460 million digital consumers and counting drive entrepreneurship, job creation and business opportunities.

The e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company highlights ASEAN’s digital economy achieving profitability, growing from $4 billion in 2022 to $11 billion in 2024.

This rapid growth reflects ASEAN’s adaptability and capacity to turn innovation into tangible economic gains, with sectors like e-commerce, mobile gaming, and generative AI reshaping its economy.

ASEAN’s digital economy is vital to its future but it requires responsible governance and forward-thinking policies for sustainable, inclusive growth.

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RXO, Inc. (RXO) Presents at Deutsche Bank’s Chicago Industrials Summit Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript