A wave of forced liquidations pushed bitcoin down to its weakest level since early June before stronger-than-expected earnings from Micron and SK Hynix’s U.S. listing plans helped stabilize sentiment in the AI-linked trade that crypto had been tracking.
Apple raises prices across Mac and iPad lineup
Apple has increased prices for Macs and iPads, citing sharply higher memory and storage chip costs, while iPhone pricing remains unchanged for now, according to the Wall Street Journal.
Mac prices are up roughly 15%–20%, while iPads have risen about 15%–25%. The move follows CEO Tim Cook’s warning last week that rising component costs would likely force price adjustments.
Apple said it had “reached a point” where increases were necessary, noting it had “never seen component prices rise this much, this quickly.” iPhone prices remain steady, though further hikes have not been ruled out.
Bitcoin holds above $61K after in-line inflation data
The U.S. core PCE inflation report came in exactly as expected, easing fears of an upside surprise. Core PCE rose 0.3% month-on-month and 3.4% year-on-year, while headline PCE was slightly softer than expected.
The data reinforced persistent inflation, keeping expectations for additional Fed rate hikes largely intact but avoiding a more hawkish shock to markets. Strong GDP and income data also highlighted continued U.S. economic resilience.
Bitcoin stayed above $61,000, while gold remained below $4,000 per ounce.
Gnosis X account hacked in phishing attack
The official Gnosis X account was compromised and used to post a fraudulent rewards link encouraging users to vote on a date and check eligibility.
The Gnosis team and its affiliated Gnosis Pay account warned users not to interact with the post, confirming the breach and notifying X while working to regain control.
The link led to a malicious site designed to trick users into connecting wallets, a common tactic in crypto phishing scams.
Markets watch inflation print as dollar strengthens
Markets were focused on core PCE expectations of 3.4% YoY and 0.3% MoM.
Inflation concerns have kept traders pricing in further Fed tightening, pressuring risk assets like bitcoin, which hovered near $60,000. Gold and silver also declined.
The U.S. dollar index remained above 101, with a hotter reading likely to strengthen the dollar further and weigh on risk assets.
Bitcoin ETF outflows deepen
Bitcoin briefly dropped below $60,000 as spot ETF outflows hit $469 million in a single day, one of the largest redemptions since launch.
Ongoing withdrawals have pushed cumulative inflows down to $52.8 billion, near mid-2025 levels and below recent peaks, signaling fading institutional demand in the short term.
Two-year Treasury yield nears breakout
The U.S. two-year yield is testing a key technical resistance trendline that has held since its 2023 peak.
A breakout would signal higher yields ahead, tighter financial conditions, and potential downside pressure for risk assets including bitcoin and equities.
Oil prices reverse geopolitical gains
Brent crude fell below $72, erasing gains tied to earlier geopolitical tensions as supply concerns eased. WTI traded near $69.
Lower oil prices could eventually reduce inflation pressure and soften the Fed’s stance, but the impact is expected to feed through gradually rather than immediately.
Aave surges on bullish long-term forecast
Aave’s token rallied around 15% after Standard Chartered issued a long-term bullish outlook, projecting a potential price of $3,500 by 2030.
The bank expects strong growth in decentralized lending, though the forecast depends on unproven expansion plans and recovery from past liquidity setbacks.
The projection implies significant upside but also highlights execution risks and regulatory uncertainty.
Bitcoin rebounds after overnight drop
Bitcoin fell to around $59,000 overnight before recovering above $61,000 as tech and AI chip stocks rebounded on strong earnings.
The move triggered nearly $1 billion in crypto liquidations, driven by long positions.
Macro pressure from Fed expectations, ETF outflows, and thin liquidity continues to weigh on sentiment, while a large cluster of leveraged positions below $58,000 remains a key downside risk. The upcoming PCE data remains the next major catalyst.
