What is the Bitcoin price today?
Bitcoin trades near $62,736.94, down 0.04% over the past 24 hours. The $62,000 zone remains key support for traders, with $64,000 acting as the next resistance level to watch through the CPI-driven session.
Why did oil prices spike today?
Oil jumped after Washington signaled a renewed blockade on Iranian shipping through the Strait of Hormuz. The move revived inflation concerns ahead of today’s CPI data, adding pressure across equities, crypto, and broader risk assets.
What is happening with the Clarity Act?
The Clarity Act remains stuck in the Senate with no floor vote scheduled yet. Disputes over ethics rules and stablecoin provisions continue blocking the votes needed before the August recess begins, leaving passage uncertain this year.
Why is Zcash drawing attention right now?
Traders are positioning ahead of Zcash’s July 28 Ironwood upgrade, which addresses a shielded-pool vulnerability flagged earlier this year. Rising open interest and improving sentiment have kept the token active through recent sessions.
What should investors watch this week?
Investors should track today’s CPI report, Fed Chair Kevin Warsh’s testimony, ETF flow trends, and any fresh developments around the Strait of Hormuz, since all four are likely to steer near-term crypto price action.