Bitcoin Slips Below $65,000 After Fourth Failed Attempt, Traders Eye $70,000

XRP, ether lead crypto losses as traders eye $70,000 bitcoin next Bitcoin failed to hold $65,000 for a fourth day as an oil rally revived inflation worries before Wednesday's U.S. price data. - Bitcoin slipped below $65,000 after a fourth failed attempt to hold that level, though it remains slightly higher on the week amid weak overall crypto sentiment. - Ether and XRP led declines among major tokens, while Solana and BNB held weekly gains and HYPE, tron and dogecoin edged higher. - Analysts see a buildup of short positions above $65,000 and view $70,000—near bitcoin’s 200-day moving average—as the key level that could shift sentiment, as broader markets focus on rising bond yields, higher oil prices and upcoming U.S. inflation data. Bitcoin slipped to near $64,000 on Tuesday, down over 1% on the day but still up marginally on the week, after a fourth failed attempt to hold above $65,000. It reached a 24-hour high just above $65,300 before sliding through the Asian afternoon. Ether was the weakest major, down over 2% to $1,878, though it remains slightly higher over seven days. XRP fell almost 2% to $1.01 and is down almost 6% on the week, the worst of the group by some distance. Solana eased under 1% to $76 but leads the week at 3%. BNB slipped to $600 and holds a 2% weekly gain. Three majors went the other way. Hyperliquid's HYPE rose almost 2% to $55, tron gained slightly to 33 cents and dogecoin was marginally higher at 7 cents. Alex Kuptsikevich, chief market analyst at FxPro, said bitcoin has been testing $65,000 for four straight days without any surge in buying as it approaches the round number. More telling is the absence of selling into it, which he read as "a build-up of short positions well above this level" rather than holders taking profit. That makes $70,000 the next area to watch, another round number with the 200-day moving average sitting nearby. Clearing it would put bitcoin above the range where buyers and sellers fought through March and April, a move Kuptsikevich said would shift sentiment meaningfully. Traders are not there yet. The crypto sentiment index sits at 30, in what is known as the fear zone, and has stayed there since mid-July with occasional dips toward extreme fear. Bonds and oil set the tone in broader markets. U.S. 10-year Treasury yields rose six basis points on Monday to 4.71%, dragging Australian and New Zealand government bonds down with them, with no cash Treasury trading during Asian hours because of a public holiday in Japan. Brent crude held at $87.73 a barrel after jumping 5% on Monday, when President Donald Trump made fresh demands on Iran and dimmed hopes of a deal to reopen the Strait of Hormuz. Gold rose for a third session above $4,400 an ounce. Higher oil feeds into the inflation figures due Wednesday at 8:30 a.m. ET, which is why the rally is weighing on assets that do better when rate rises look less likely. Fund flows had been running the other way until this week. U.S. spot bitcoin funds took in $865 million across five sessions through Aug. 7, before a provisional outflow of $91 million on Monday. - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Why it matters: Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Aug. 07, 2026 01:05PM PST |Fact CheckedThis article has been reviewed and updated according to INN's rigorous fact-checking process. Our staff editors verify all articles against information and data from primary sources, reputable publishers and experts. Senate Majority Leader John Thune filed a procedural motion early Saturday (August 8) to advance the Clarity Act, but a final floor vote on the landmark crypto framework has been delayed until lawmakers return from their August recess in mid-September. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Here's a quick recap of the crypto landscape for Monday (August 10) as of 10:00 a.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$64,917.34, trading flat over the past 24 hours. Ether and altcoin price update - Ethereum (ETH) was priced at US$1,914.84, trading flat over the last 24 hours. - XRP (XRP) was priced at US$1.03, trading 0.5 percent lower over the past 24 hours. - Solana (SOL) was trading at US$76.51, trading flat over the past 24 hours. Today's crypto news to know Senate Majority Leader advances Clarity Act before recess Senate Majority Leader John Thune moved early Saturday morning to set up a key procedural vote on the Clarity Act before lawmakers left Washington for August recess. The filing queues up the landmark cryptocurrency bill for immediate floor consideration when the Senate reconvenes in mid-September. Republican leaders still need to secure at least 60 votes to pass the legislation, requiring support from all 50 Senate Republicans and at least eight Democrats. The bill would establish the first comprehensive federal regulatory framework for digital assets. Negotiations stalled ahead of recess over a central ethics provision prohibiting public officials and their families from profiting off digital asset ventures. Senate Democrats demand stricter enforcement mechanisms and divestment requirements targeting President Donald Trump, who reported over $US1.4 billion in family crypto income last year. While analysts warn that a tight three-week legislative window in September reduces the odds of passage before midterm elections, supporters remain hopeful for a final floor vote. Truth Social parent company Trump Media & Technology Group (NASDAQ:DJT) mutually agreed with Crypto.com and Yorkville Acquisition Corp. to terminate their proposed cryptocurrency treasury venture, Axios first reported. Interim CEO Kevin McGurn confirmed that the company is abandoning plans for Trump Media Group CRO Strategy, a SPAC initiative designed to build a corporate treasury around Crypto.com's Cronos blockchain token. The entities also canceled a related digital asset services agreement and scaled back plans to integrate prediction markets directly into the Truth Social platform. Trump Media will instead pursue a simpler marketing arrangement that promotes Crypto.com prediction market products to Truth Social users without operating the underlying financial infrastructure. McGurn explained that a saturated digital asset treasury market prompted new leadership to streamline operations and refocus resources on core media assets. The company also seeks to complete its pending merger with fusion energy firm TAE before the end of the year. Asset manager Grayscale Investments filed Form RW withdrawal requests with the SEC to cancel registration statements for three proposed altcoin ETFs. The withdrawals eliminate pending S-1 applications for the Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF. Grayscale cited Rule 477 under the Securities Act of 1933, stating that the firm no longer intends to proceed with distributing registered trust shares. The filings confirmed that the SEC never declared the registration statements effective and that Grayscale issued no shares under the prospectuses. Following the announcement, market prices for Cardano, Hedera, and Polkadot each dropped by more than 2 percent within 24 hours. Hedera has suffered the steepest decline among the group, falling over 30 percent during the past two months to trade at $0.068. Don't forget to follow us @INN_Technology for real-time news updates! Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article. Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article. https://x.com/INN_Technology [email protected] Meagen moved to Vancouver in 2019 after splitting her time between Australia and Southeast Asia for three years. She worked simultaneously as a freelancer and childcare provider before landing her role as an Investment Market Content Specialist at the Investing News Network. Meagen has studied marketing, developmental and cognitive psychology and anthropology, and honed her craft of writing at Langara College. She is currently pursuing a degree in psychology and linguistics. Meagen loves writing about the life science, cannabis, tech and psychedelics markets. In her free time, she enjoys gardening, cooking, traveling, doing anything outdoors and reading. Meagen has studied marketing, developmental and cognitive psychology and anthropology, and honed her craft of writing at Langara College. She is currently pursuing a degree in psychology and linguistics. Meagen loves writing about the life science, cannabis, tech and psychedelics markets. In her free time, she enjoys gardening, cooking, traveling, doing anything outdoors and reading. Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics. When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs. When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs. INN Article Notification MARKETS COMMODITIES CURRENCIES Meagen moved to Vancouver in 2019 after splitting her time between Australia and Southeast Asia for three years. She worked simultaneously as a freelancer and childcare provider before landing her role as an Investment Market Content Specialist at the Investing News Network. Meagen has studied marketing, developmental and cognitive psychology and anthropology, and honed her craft of writing at Langara College. She is currently pursuing a degree in psychology and linguistics. Meagen loves writing about the life science, cannabis, tech and psychedelics markets. In her free time, she enjoys gardening, cooking, traveling, doing anything outdoors and reading. Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics. When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs.