financetom
Market
financetom
/
Market
/
Live markets: Bitcoin trades above $65,000 as Alphabet's bigger AI bill props up the chip trade
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Live markets: Bitcoin trades above $65,000 as Alphabet's bigger AI bill props up the chip trade
Jul 23, 2026 3:03 AM

09:11 UTC — Bitcoin ETFs attract almost $1 billion in a 7-day inflows streak

Institutional demand is back and how.

The U.S.-listed spot bitcoin exchange-traded funds (ETFs) have pulled in nearly $1 billion in investor money over a period of seven straight trading days.

Investors have allocated almost $500 million this week alone, the best performance since early May, according to data source SoSoValue.

Bitcoin’s recently price topped $66,000 for the first time since mid-June and was last seen at around $65,680.

09:03 UTC — Bitcoin holds $65,400 as Alphabet's bigger AI bill props up the chip trade

Bitcoin traded near $65,400 on Thursday, down 0.3% on the day and up 1.4% on the week, per CoinDesk data.

The market stayed quiet through Alphabet's earnings, the report the whole week had been waiting on for a read on AI spending.

Alphabet delivered a split verdict. Revenue rose 24% to $119.8 billion and cloud grew 82%, both ahead of expectations, but the company lifted its 2026 capital spending forecast again, to $195 billion to $205 billion from $180 billion to $190 billion, citing a "supply-constrained" scramble to meet AI demand.

Its stock fell after hours as investors weighed the heavier spend against slimmer free cash flow.

Alphabet's own shareholders may not like a fatter bill, but more capital pouring into AI infrastructure is what chip stocks have rallied on. Asian chipmakers rose again on Thursday, with the Kospi up 3.6% and Samsung and SK Hynix ( SKHY ) both up more than 2% on bets they will capture some of that spending.

The majors were flat. Ether held near $1,916, XRP at $1.13 and Solana ( HSDT ) at $77, with Hyperliquid the outlier, down 11% on the week. Oil kept climbing, extending a July rally that has revived inflation worries.

The next test is the Fed on July 28 and 29.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Wall St set for higher open after jobless claims data, Nvidia results
US STOCKS-Wall St set for higher open after jobless claims data, Nvidia results
Nov 21, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Snowflake jumps after raising annual product revenue forecast * Deere shares up after Q4 profit beats estimates * Crypto stocks gain as bitcoin prices near $100,000 * Weekly jobless claims stand at 213,000 * Futures: Dow up 0.45%, S&P...
Sector Update: Health Care
Sector Update: Health Care
Nov 21, 2024
08:52 AM EST, 11/21/2024 (MT Newswires) -- Health care stocks rose in pre-bell hours Thursday with the Health Care Select Sector SPDR Fund (XLV) 0.1% higher and the iShares Biotechnology ETF (IBB) up 0.3% recently. Zymeworks ( ZYME ) and Jazz Pharmaceuticals ( JAZZ ) said they have received accelerated approval for Ziihera from the US Food and Drug Administration...
Sector Update: Tech
Sector Update: Tech
Nov 21, 2024
08:45 AM EST, 11/21/2024 (MT Newswires) -- Technology stocks were edging higher premarket Thursday as the Technology Select Sector SPDR Fund (XLK) was up 0.7% and the SPDR S&P Semiconductor ETF (XSD) marginally advanced. Snowflake (SNOW) shares rose past 24% after the company reported fiscal Q3 earnings and sales above analyst expectations. ...
Nvidia Earnings in Focus as US Equity Futures Post Narrow Gains Pre-Bell
Nvidia Earnings in Focus as US Equity Futures Post Narrow Gains Pre-Bell
Nov 21, 2024
08:50 AM EST, 11/21/2024 (MT Newswires) -- US equity futures were cautiously higher ahead of Thursday's opening bell as traders digested earnings and guidance from artificial intelligence chipmaker Nvidia ( NVDA ) . Dow Jones Industrial Average futures rose 0.4%, S&P 500 futures gained 0.4%, and Nasdaq futures were up 0.3%. Nvidia ( NVDA ) reported late Wednesday fiscal Q3...
Copyright 2023-2026 - www.financetom.com All Rights Reserved