A liquidation-driven selloff pushed bitcoin to its weakest level since early June, before stronger-than-expected earnings from Micron and SK Hynix’s planned U.S. listing helped steady sentiment in the AI-linked trade that crypto has been closely following.

Apple raises prices across Mac and iPad lineup
Apple has increased prices across its Mac and iPad range due to rising memory and storage chip costs, while keeping iPhone prices unchanged for now, according to the Wall Street Journal.

Macs are now roughly 15%–20% more expensive, while iPads have seen increases of about 15%–25%. The move comes after CEO Tim Cook warned that surging component costs would likely force price adjustments.

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 unchanged, though further increases remain possible.

Bitcoin holds above $61K after inflation data meets forecasts
The U.S. core PCE inflation report came in line with expectations, easing concerns about a surprise upside in inflation.

Core PCE rose 0.3% month-on-month and 3.4% year-on-year, while headline inflation came in slightly softer than forecast. The data reinforced the persistence of inflation, keeping expectations for additional Fed tightening largely intact without triggering a more hawkish repricing.

Stronger U.S. GDP and income data also highlighted economic resilience. Bitcoin held above $61,000, while gold stayed below $4,000 per ounce.

Gnosis X account compromised in phishing incident
Gnosis’ official X account was hacked and used to post a fake rewards link encouraging users to vote on eligibility and check for incentives.

The team and its Gnosis Pay account quickly warned users not to interact with the post, confirming the breach and coordinating with X to regain access.

The malicious link is part of a common crypto scam tactic that exploits compromised accounts to trick users into connecting wallets.

Markets focus on inflation data as dollar stays firm
Markets were watching core PCE expectations of 3.4% YoY and 0.3% MoM.

Sticky inflation has kept rate-hike expectations elevated, weighing on risk assets such as bitcoin, which hovered near $60,000. Gold and silver also weakened.

The U.S. dollar index remained above 101, with stronger inflation data likely to further support the dollar and pressure risk assets.

Bitcoin ETF outflows continue to build pressure
Bitcoin briefly slipped under $60,000 as spot ETF outflows reached $469 million in a single day, marking one of the largest daily redemptions since launch.

Sustained outflows have pulled cumulative inflows down to $52.8 billion, near mid-2025 levels and below recent peaks, signaling softer institutional demand.

Two-year Treasury yield approaches breakout level
The U.S. two-year yield is testing a key technical resistance level that has held since its 2023 peak.

A decisive breakout would suggest higher yields ahead, tighter financial conditions, and increased pressure on risk assets including bitcoin and equities.

Oil reverses wartime gains as supply normalizes
Brent crude slipped below $72, erasing gains from earlier geopolitical tensions as supply flows normalized. WTI hovered near $69.

Lower oil prices could ease inflation pressures over time, potentially softening the Fed’s stance, though the impact is expected to materialize gradually.

Aave jumps on bullish long-term outlook
Aave surged about 15% after Standard Chartered issued a bullish long-term forecast, projecting a potential price of $3,500 by 2030.

The outlook assumes strong growth in decentralized lending and broader DeFi expansion, though it relies on execution of still-unproven initiatives and recovery from past setbacks.

Bitcoin rebounds after sharp overnight drop
Bitcoin fell to around $59,000 overnight before recovering above $61,000, tracking a rebound in AI chip stocks following strong earnings from Micron.

The selloff triggered nearly $1 billion in liquidations across crypto markets, largely from leveraged long positions.

Macro pressures—including hawkish Fed expectations, ETF outflows, and thin liquidity—continue to dominate sentiment, while large leveraged positions below $58,000 remain a key downside risk. The upcoming PCE report remains a major catalyst for near-term direction.