Live updates: Bitcoin slips below $63,000; MSCI threatens to exclude Strategy from indices

liveUpdated 55 minutes ago

WTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.

By James Van Straten

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Crypto prices continue to drift somewhat lower ahead of the opening of the U.S. stock market on Friday.

Bitcoin (BTC) is now down 1.7% over the past 24 hours to $62,600, extending its week-over-week decline to just shy of 4%. Ether (ETH) is down similarly.

Bitcoin’s low for August was roughly $62,300.

The S&P 500, meanwhile, appears poised for another record high, with futures pointing to a modest opening gain.

The interest rate outlook is boosting all risk markets except crypto. Odds of a September rate hike — which were nearly 70% just one month ago — have pulled back to just 30%.


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Retail sales fell 0.6% in July, according to a government report released minutes ago. Econoimst forecasts had been for a rise of 0.1% and June retail sales were higher by 0.2%.

Ex-autos, retail sales dipped 0.3% in July, missing forecasts for a rise of 0.2% and versus a drop of 0.2% in June.

With credit card data now fully available to big shops well in advance of the government report, Wall Street had been bracing for a miss, so — for the moment — there’s little market reaction.

Nevertheless, it’s yet another data point suggesting the Fed does not need to be in a rush to hike rates.



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Payward, the parent of crypto exchange Kraken reported $508 million in adjusted revenue for the second quarter, up 17% from a year earlier.

Adjusted ebitda (earnings before interest, tax, depreciation and amortization) was $23 million, a 71% drop from Q2 2025 when Kraken reported $80 million.

Funded accounts rose 42% to 6.6 million, while platform assets reached $40 billion. Payward also said its DeFi Earn Bitcoin Vault has drawn about $400 million in deposits.

“As crypto spot volumes declined across the industry, Payward’s traditional futures, equities and tokenized equities activity grew, and the company gained spot market share for the third consecutive quarter,” the company said.


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U.S. national debt has reached just shy of $39.91 trillion, putting it less than $100 billion away from the $40 trillion mark, according to the U.S. Debt Clock.



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A $25 billion auction of U.S. Treasury 30-year bonds on Thursday drew a yield of 5.22%, the highest since the 5.52% recorded in August 2001, according to the Financial Times.


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Strive’s (ASST) perpetual preferred stock, SATA, closed at $99.65, its highest close since June 18, when it last traded at its $100 par value. SATA subsequently fell as low as $79 but has since rebounded by 25%.

Meanwhile, Strategy’s STRC closed above $95, its highest level since June 12 and up 34% from its $71 low.



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Cronos (CRO), the native utility and governance cryptocurrency of the Cronos blockchain and the Crypto.com ecosystem, has surged by nearly 5% to 5 cents since midnight UTC.

That’s the best performance since July 16 when the token spiked 10%.

The latest bounce from record lows follows news that Crypto.com is rolling out tokenized equities, facilitating exposure to U.S. stocks through its own app.

Users can access 1,500 underlying stocks and funds for as little as $1.


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Bitcoin is trading near $62,800, a key level at the lower edge of the Ichimoku cloud on technical charts.

A break below this point would push prices under the cloud, which is seen as a bearish signal for the market.

The Ichimoku cloud is a technical analysis tool created by Japanese journalist Goichi Hosoda and published in the 1960s. It helps traders quickly spot trends, support, resistance, and momentum through a shaded area on the chart.

Crossovers above and below the cloud are said to represent bullish and bearish trend reversals.



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Gemini (GEMI) shares fell 5% in Friday pre-market trading after second-quarter results exposed continued weakness in its core exchange business. Revenue rose 37% to $45.5 million, driven by services, while exchange revenue slid 38%. The company reported a $107.7 million net loss


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Bitcoin fell below $63,000 as rising oil prices and bond yields weighed on risk assets.

WTI crude climbed above $82 a barrel, while the yield on the U.S. 10-year Treasury advanced to 4.660%.

 

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