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BTC held near $64,000 as MSCI's world index set another peak and Brent fell toward a Hormuz deal. Ether is the only major down on the week.

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Bitcoin is making another attempt to break out of its recent trading range today, and one analyst says the setup still leaves room for a move higher before any real downturn takes hold. The overall trend remains bearish according to the analysis, but the short-term picture tells a more hopeful story.

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Arthur Hayes says an AI data center credit bust could prompt monetary easing and create a possible liquidity tailwind for Bitcoin.

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Space Exploration Technologies Corp. (NASDAQ:SPCX) didn't sell any of its Bitcoin (CRYPTO: BTC) in the second quarter, but the position suffered a sizable unrealized loss. SpaceX Hit by Crypto Bear Market SpaceX reported digital assets worth $1.1 billion as of June 30, down 31% from $1.6 billion in the previous quarter.