The post Bitcoin Miners Bet Big on AI Infrastructure and Win. TeraWulf, IREN, Hut 8 Surge appeared on BitcoinEthereumNews.com.
TeraWulf (WULF), IREN, and Hut 8 (HUT) all rallied yesterday, July 8, but Bitcoin’s price had nothing to do with it. Each saw their stock prices continue to rally on separate AI infrastructure news. All three companies were in the top 16 best performing stocks for Wednesday, July 8 as investors reward their shift no matter what Bitcoin does on the day. TeraWulf’s Anthropic Deal Set the Tone TeraWulf stock rose more than 12.8% after signing a 20-year lease with Anthropic for a Kentucky data center. The site will support 401 megawatts of critical IT load, online by early 2028. TeraWulf was yesterday’s second-best performing stock. Image Source: Trading View Analysts project roughly $19 billion in revenue over the lease’s term. Compass Point raised its price target to $40 from $28 after the deal and kept its buy rating. CEO Paul Prager said the lease confirms the
The post Bitcoin Price Drop Looks Mild Despite 51% Bear Market Drawdown appeared on BitcoinEthereumNews.com.
Key Insights CoinGecko says the current Bitcoin bear market is the mildest on record, with a 51.2% decline. Market analyst CW says Bitcoin whales are buying both spot and futures during the pullback. Crypto Patel says Bitcoin’s bearish quarterly close puts focus on the $36,000 support level Bitcoin price drop has reached 51.2% from its all-time high, but new data from CoinGecko shows this is still the smallest bear market decline in Bitcoin’s history. At the same time, some market watchers say large holders are buying, even as the market remains under pressure. Bitcoin Price Drop is Still Smaller Than Past Bear Markets Bitcoin price drop in the current market has reached 51.2% from its record high of $124,773. Even though that is a big fall, fresh data from CoinGecko shows the decline is still smaller than every major bear market that came before it. CoinGecko compared the curre
The post Bitcoin Steady at $62K Despite Iran-Israel Strike Escalation appeared on BitcoinEthereumNews.com.
IRAN-ISRAEL News Bitcoin held above $62,000 on Thursday even as the latest round of U.S. strikes against Iran pushed the conflict into a sharper phase. The largest cryptocurrency traded at $62,009, down just 1.2% over 24 hours yet up 1.6% on the week, a strikingly muted reaction for an asset that once shed 5% on a single Middle East headline. Our reading of the tape is that the market absorbed the escalation without the panic seen in earlier legs of the conflict. Traders continue to flag $60,000 as the line that matters: defending it through further military action would confirm that the recent calm is structural rather than luck. The war premium showed up most clearly in energy. Brent crude climbed roughly 1% to $78.80 a barrel, a third straight session of gains, after Washington completed another wave of strikes and both sides raised the prospect of closing the Strait of Hormuz,
The post Bitcoin Spot ETFs Swing to $84.9M Net Outflow in a Single Session appeared on BitcoinEthereumNews.com.
Bitcoin News United States spot Bitcoin exchange-traded funds swung back to a net outflow of $84.9 million over the past 24 hours, reversing the modest $21.5 million inflow booked one session earlier. The one-day whipsaw underscores how quickly regulated institutional demand can fade in the current tape. Fund-flow data shows the reversal was broad rather than isolated, with capital leaving several of the largest vehicles at once. For Bitcoin, the reading extends a stop-start rhythm that has defined recent weeks, where heavy redemptions repeatedly overwhelm limited inflows and leave the directional conviction of professional allocators difficult to read. The redemptions were led by the two heavyweight products in the category. BlackRock’s IBIT, the largest spot Bitcoin fund by assets, shed $59.1 million on the day, while Grayscale’s legacy GBTC lost a further $63.7 million. Th
The post Gold ETFs Shed $8.9 Billion in June as Safe-Haven Bets Rotate Toward Bitcoin appeared on BitcoinEthereumNews.com.
Crypto News Investors pulled $8.9 billion from gold exchange-traded funds in June, the sharpest monthly withdrawal of 2026 and a signal that safe-haven capital is rotating away from bullion. North American products drove the exodus, accounting for $5.5 billion of the total, as gold logged its fourth consecutive losing month. The metal has fallen 11.7% over that stretch, pressured by a hawkish Federal Reserve and renewed Middle East tensions. Our reading of the flow data is that the sell-off reset investor allocations rather than reflecting outright panic, but it opens a clear question for where defensive money, including capital eyeing Bitcoin, migrates next as the macro backdrop tightens. The scale of the retreat is visible in the underlying balance sheet. Total assets under management across gold ETFs fell 13% to $526 billion during the month, according to World
The US-Iran conflict heightens global energy insecurity, impacting oil prices and crypto markets, while increasing regulatory scrutiny on crypto.
The post US strikes target Iran’s energy infrastructure as Bitcoin reacts to escalating conflict appeared first on Crypto Briefing.
The post Bitcoin (BTC) Slides Under $62K as Iran Tensions Escalate and Oil Surges appeared on BitcoinEthereumNews.com.
Key Takeaways BTC declined 2.1% to approximately $62,115 following Trump’s announcement that the US-Iran ceasefire has ended Brent crude oil prices spiked, momentarily exceeding $80 per barrel Crypto analyst Michaël Van de Poppe identified $61,000 as a critical support threshold Federal Reserve meeting minutes revealed internal disagreement about potential rate increases, pressuring risk-on assets Bitcoin spot ETFs in the US recorded three consecutive days of positive net flows despite price weakness Bitcoin experienced a decline exceeding 2% on Wednesday as heightened tensions between the United States and Iran disrupted global financial markets and triggered a sharp rally in crude oil prices. Bitcoin (BTC) Price The leading cryptocurrency by market capitalization retreated to approximately $62,115, down from levels above $64,600 observed earlier in the trading week.
The post Bitcoin & XRP Bounce as Trump Says Iran Wants to “Make Deal So Badly” After Strikes appeared on BitcoinEthereumNews.com.
Bitcoin, Ethereum and XRP bounced after US President Donald Trump said that Iran had called him and wanted to make a deal. US stock futures also turned green following the completion of strikes confirmed by the US Central Command on Thursday. President Trump Claims Iran Seeks Deal After Second Set of Strikes Stocks and crypto markets reacted positively to President Trump’s latest comments that Iran called him, saying “they want to make a deal so badly.” However, he is unsure about making a deal with Iran again amid ceasefire violations and strikes against US forces in the Middle East. “I just don’t know if they’re worthy of making a deal. I don’t know that they’re going to honor the deal. That’s the problem,” Trump said. The White House is preparing for a multi-day or even weeks of strikes against Iran over the Strait of Hormuz control. Bitcoin and XRP bounc
Escalating tensions in the Gulf highlight vulnerabilities in global markets, impacting cryptocurrencies and emphasizing geopolitical risks.
The post Iran launches drone attacks on US military targets in the Gulf, sending Bitcoin on a wild ride appeared first on Crypto Briefing.
