Macro conditions are getting softer, stocks are hitting new records, but $BTC is still not joining the risk-on move.
🇺🇸 Macro. U.S. July CPI rose just 0.1% MoM, while annual inflation slowed to 3.4% and Core CPI eased to 2.5%. PPI came in at 0% MoM. Pressure on the Fed to tighten monetary policy further is fading.
📈 Stocks. The S&P 500 closed at a new all-time high of 7,798.99 (+0.65%), while the Nasdaq gained 0.81%. AI and semiconductors remain key market drivers: Micron jumped 4.2%, while Meta gained 2.8%.
₿ Crypto. Bitcoin remains around $63–64K, while Ethereum trades near $1,900. This is the most interesting part for me today: macro conditions are improving, equities are hitting record highs, yet #BTC is barely reacting.
🤖 AI. The investment cycle continues to accelerate. CoreWeave raised its 2026 CAPEX forecast to $35–39 billion, while AMD is tapping the debt market for roughly $4–5 billion. Capital continues to flow into GPUs, data centers, networking and energy infrastructure.
🇨🇳 China. U.S.–China tech decoupling continues, with competition gradually shifting from individual chips toward AI models, cloud infrastructure and proprietary computing platforms.
🔥 My take: Bitcoin’s current weakness no longer looks like a purely macro issue.
If the S&P 500 continues making new highs while $BTC remains stuck in the $63–65K range, ETF flows, exchange supply and real spot demand will become increasingly important.
Favorable inflation data has created the conditions for a move higher. Now #Bitcoin needs to show that buyers are ready to take advantage of them.
$BTC
🇺🇸 Macro. U.S. July CPI rose just 0.1% MoM, while annual inflation slowed to 3.4% and Core CPI eased to 2.5%. PPI came in at 0% MoM. Pressure on the Fed to tighten monetary policy further is fading.
📈 Stocks. The S&P 500 closed at a new all-time high of 7,798.99 (+0.65%), while the Nasdaq gained 0.81%. AI and semiconductors remain key market drivers: Micron jumped 4.2%, while Meta gained 2.8%.
₿ Crypto. Bitcoin remains around $63–64K, while Ethereum trades near $1,900. This is the most interesting part for me today: macro conditions are improving, equities are hitting record highs, yet #BTC is barely reacting.
🤖 AI. The investment cycle continues to accelerate. CoreWeave raised its 2026 CAPEX forecast to $35–39 billion, while AMD is tapping the debt market for roughly $4–5 billion. Capital continues to flow into GPUs, data centers, networking and energy infrastructure.
🇨🇳 China. U.S.–China tech decoupling continues, with competition gradually shifting from individual chips toward AI models, cloud infrastructure and proprietary computing platforms.
🔥 My take: Bitcoin’s current weakness no longer looks like a purely macro issue.
If the S&P 500 continues making new highs while $BTC remains stuck in the $63–65K range, ETF flows, exchange supply and real spot demand will become increasingly important.
Favorable inflation data has created the conditions for a move higher. Now #Bitcoin needs to show that buyers are ready to take advantage of them.
$BTC