Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower.<\/p>\n
Key points:<\/strong><\/p>\n Data from TradingView showed BTC\/USD climbing above $64,000, coming within $400 of new three-week highs.<\/p>\n BTC\/USD four-hour chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n Amid ongoing hopes that the US-Iran peace deal<\/span><\/a> could be salvaged, US WTI crude oil stayed lower after rejecting from $76 per barrel.<\/p>\n CFDs on US WTI crude oil one-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n US dollar strength fell for a third straight day, with the US dollar index (DXY) approaching its lowest figures since mid-June.<\/p>\n US dollar index (DXY) one-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n Commenting on the current macro landscape, trading company QCP Capital warned that risks to economies were still growing. It specifically highlighted the US Strategic Petroleum Reserve (SPR).<\/p>\n \u201cWith no monetary cushion coming, the physical buffers matter more. In oil, Doha talks ended with no shipping deal and missiles struck two tankers on 7 July, with Hormuz flows still well below normal,\u201d it wrote<\/span><\/a> about recent Iran events.\u00a0<\/p>\n \u201cThe reserve looks thinner still: the SPR is at 319.5mb, its lowest since 1983, leaving just 19.5mb before the 300mb stress zone.\u201d\u00a0<\/p>\n US SPR one-week chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n QCP added that recent BTC sales<\/a> by business intelligence company Strategy showed that the instability had spread to crypto.<\/p>\n \u201cIt\u2019s clearest in private credit, where redemption requests have blown through the 5% quarterly gates across several funds,\u201d it added.<\/p>\n More optimistic on the longer-term outlook, trading resource The Kobeissi Letter noted that the odds of US inflation passing 4.5% in 2026 had fallen below 20%.<\/p>\n Related: <\/strong><\/em>Bitcoin ETFs end ‘most overwhelming’ $2.7B sell-off amid new $85M net outflow<\/strong><\/em><\/span><\/a><\/p>\n \u201cJust 7 weeks ago, there was an 85% chance of inflation rising above 4.5% this year,\u201d it wrote in an X post<\/span><\/a> on Thursday alongside data from prediction service Polymarket.\u00a0<\/p>\n \u201cInflation expectations are coming down again.\u201d<\/p>\n Source: The Kobeissi Letter\/X<\/em><\/p>\n Continuing, crypto trader and analyst Micha\u00ebl van de Poppe noted the oil-price trend as one key factor for \u201ca lot of upside\u201d across markets.<\/p>\n <\/p>\n \u201cThe markets look better day after day,\u201d he told<\/span><\/a> X followers on Friday.\u00a0<\/p>\n \u201cBitcoin attacking the crucial resistance of $65,000 again. If this breaks, then we\u2019re flipping many downtrends on many Altcoins into uptrends.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Bitcoin bulls keep upside momentum going as BTC\/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now “crucial resistance” to be tackled, says analysis. Bitcoin reaches $64,350 […]<\/p>\n","protected":false},"author":1,"featured_media":34954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[11990],"tags":[12062,7454,6352,12413,523,8868,4149],"class_list":["post-34953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-plug","tag-bitcoin","tag-dollar","tag-falling","tag-highs","tag-july","tag-oil","tag-strength"],"rttpg_featured_image_url":{"full":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",0,0,false],"landscape":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",0,0,false],"portraits":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",0,0,false],"thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",150,150,false],"medium":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",300,300,false],"large":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",1024,1024,false],"1536x1536":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",1536,1536,false],"2048x2048":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",2048,2048,false],"post-thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",370,265,false],"kava-thumb-s":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",150,85,false],"kava-thumb-s-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",230,230,false],"kava-thumb-m":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",400,400,false],"kava-thumb-m-vertical":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",370,500,false],"kava-thumb-m-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",570,450,false],"kava-thumb-l":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",1170,650,false],"kava-thumb-xl":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",1920,1080,false],"kava-thumb-masonry":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",600,999,false],"kava-thumb-justify":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",640,640,false],"kava-thumb-justify-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/behind-bitcoins-1k-bounce-1.jpg",1280,640,false]},"rttpg_author":{"display_name":"#RiseCelestialStudios","author_link":"https:\/\/design-providers.com\/rise\/author\/ralph-c\/"},"rttpg_comment":0,"rttpg_category":"CRYPTO PLUG<\/a>","rttpg_excerpt":"Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Bitcoin bulls keep upside momentum going as BTC\/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now “crucial resistance” to be tackled, says analysis. Bitcoin reaches $64,350…","_links":{"self":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/34953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/comments?post=34953"}],"version-history":[{"count":1,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/34953\/revisions"}],"predecessor-version":[{"id":34955,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/34953\/revisions\/34955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media\/34954"}],"wp:attachment":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media?parent=34953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/categories?post=34953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/tags?post=34953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Bitcoin reaches $64,350 as dollar strength, oil drop<\/h2>\n
Crypto markets looking “better day after day”<\/h2>\n