Bitcoin Dips Below $63,000 as Oil Prices and Yields Rise

Bitcoin has slipped under the $63,000 threshold, influenced by rising oil prices and increasing bond yields, negatively affecting risk assets.

Cronos Token Sees 5% Rise, Its Best Month Yet

The Cronos (CRO) token, part of the Crypto.com ecosystem, recorded a nearly 5% increase to 5 cents since midnight UTC, marking its largest gain since July 16, when it surged by 10%.

This rebound follows Crypto.com's announcement to launch tokenized equities, enabling users to invest in U.S. stocks directly via the app, with access to 1,500 stocks starting at just $1.

Bitcoin's $62,800 Support Level Under Threat

Currently, Bitcoin trades near $62,800, a crucial support level on technical charts. A drop below this point may signal a bearish trend, indicating further declines as it would fall beneath the Ichimoku cloud.

The Ichimoku cloud, developed in the 1960s by journalist Goichi Hosoda, helps traders identify trends and momentum through its shaded areas, with crossovers signifying potential reversals.

Gemini's Stock Declines 5% Due to Weak Exchange Results

Shares of Gemini (GEMI) dropped by 5% in pre-market trading following disappointing second-quarter results. Despite a 37% revenue growth to $45.5 million, primarily from services, exchange revenue fell 38%, resulting in a net loss of $107.7 million.

Bitcoin Plummets Amid Rising Oil and Treasury Yields

As Bitcoin dropped below $63,000, it contended with increasing oil prices and bond yields, with WTI crude surpassing $82 per barrel and the yield on the U.S. 10-year Treasury note climbing to 4.660%.

Zcash's Tachyon Upgrade Focuses on Privacy and Security

The Tachyon upgrade for Zcash aims to improve shielded transactions, enhance quantum readiness, and assess the sustainability of its funding and governance.