Bitcoin climbed back above $65,000 on Monday, reaching around $65,062 amid a 1% gain during the session. The price fluctuated between $64,359 and $65,598 as easing tensions between the U.S. and Iran pushed oil prices down.
Ether outperformed Bitcoin, benefiting from a shift back to riskier assets prompted by the energy price relief.
Despite the price bounce, institutional investors pulled back before the weekend, with U.S. spot Bitcoin ETFs seeing net outflows totaling about $212.2 million on July 24, ending a streak of seven positive trading sessions.
U.S. stock futures also reacted positively to the geopolitical calm. Dow futures rose approximately 0.85%, S&P 500 futures gained 0.87%, and Nasdaq 100 futures climbed roughly 1.49% in early trading.
Brent crude oil dropped 6.3% to $90.60 per barrel, helping boost shares in airlines, cruises, and other fuel-sensitive sectors. Meanwhile, energy companies retreated as investors adjusted to a lower oil price forecast.
This week brings a packed calendar of earnings from tech giants Microsoft, Amazon, Meta, and Apple. Market watchers will zero in on how these companies are managing spending on artificial intelligence infrastructure and cloud services, especially given recent valuation pressures tied to heavy capital expenditure on data centers and chips.
Samsung Electronics and SK Group recently struck significant deals related to AI infrastructure, signaling rising demand for memory, storage, and data-center equipment. These moves may intensify competition among chipmakers like Nvidia and AMD.
Attention is also on the Federal Reserve’s upcoming policy meeting, alongside fresh U.S. inflation and GDP data. Investors are eager to see if the Fed maintains its current interest rate stance or signals a shift.
