A liquidation-heavy selloff dragged bitcoin to its lowest level since early June before stronger-than-expected earnings from Micron and SK Hynix’s planned U.S. listing helped stabilize sentiment in the AI-linked trade that has increasingly influenced crypto markets.
Apple raises prices across Mac and iPad lineup
Apple has increased prices across its Mac and iPad products, citing sharply higher memory and storage chip costs, while keeping iPhone pricing unchanged for now, according to the Wall Street Journal.
Mac prices have risen by about 15%–20%, while iPads are up roughly 15%–25%. The changes follow CEO Tim Cook’s warning that surging component costs would likely force price increases across parts of the product lineup.
Apple said it had “reached a point” where price hikes were necessary, adding it had “never seen component prices rise this much, this quickly.” iPhone pricing remains steady, though additional increases remain on the table.
Bitcoin holds above $61K after inflation data meets expectations
The latest U.S. core PCE inflation report came in exactly in line with forecasts, helping avoid any surprise hawkish repricing in markets.
Core PCE rose 0.3% month-on-month and 3.4% year-on-year, while headline inflation came in slightly below expectations. The data reinforced persistent inflation pressures while remaining within expected ranges.
With stronger U.S. GDP and income figures also supporting the macro backdrop, bitcoin held firm above $61,000, while gold stayed below the $4,000 level.
Gnosis X account hacked in phishing attack
The official Gnosis X account was compromised and used to post a fraudulent rewards message designed to lure users into connecting wallets via a malicious link.
The team, along with Gnosis Pay, quickly warned users not to interact with the post, confirmed the breach, and notified X while working to regain control.
The incident reflects a common scam pattern in crypto, where hacked official accounts are used to distribute fake incentives and phishing links.
Markets watch inflation as dollar strength persists
Investors focused on core PCE expectations of 3.4% YoY and 0.3% MoM.
Sticky inflation has kept rate-hike expectations elevated, weighing on risk assets like bitcoin, which hovered near $60,000. Precious metals also weakened.
The U.S. dollar index remained above 101, with a hotter-than-expected reading likely to strengthen the dollar further and add pressure on risk assets.
Bitcoin ETF outflows signal fading demand
Bitcoin briefly dipped below $60,000 as spot ETF outflows totaled $469 million in a single day, one of the largest redemptions since ETFs launched.
Continued outflows have reduced cumulative inflows to $52.8 billion, close to mid-2025 levels and below recent peaks, indicating softening institutional demand in the near term.
Two-year Treasury yield nears technical breakout
The U.S. two-year yield is approaching a key resistance level that has capped its decline since the 2023 peak.
A breakout above this trendline would signal higher yields ahead, tighter financial conditions, and additional downside pressure for risk assets including bitcoin and equities.
Oil erases geopolitical risk premium
Brent crude slipped below $72, fully unwinding gains tied to earlier geopolitical tensions as supply concerns eased. WTI traded near $69.
Lower oil prices could ease inflation pressures over time and eventually soften the Fed’s stance, though the transmission to financial markets is likely to be gradual.
Aave rallies on long-term bullish forecast
Aave surged about 15% after Standard Chartered issued a bullish long-term projection, placing a $3,500 price target for 2030.
The outlook is based on expectations of rapid expansion in decentralized lending and DeFi adoption, though it depends on untested growth initiatives and recovery from previous setbacks in the protocol.
Bitcoin rebounds after overnight volatility
Bitcoin dropped to around $59,000 overnight before recovering above $61,000 as AI chip stocks rebounded on strong earnings from Micron.
The move triggered nearly $1 billion in liquidations, largely from leveraged long positions across crypto markets.
Broader pressure from Fed policy expectations, ETF outflows, and thin liquidity continues to weigh on sentiment, while large liquidation clusters below $58,000 remain a key downside risk. The upcoming PCE release remains the main near-term catalyst.
