Bitcoin Price
Bitcoin steadied at $64,607.8, a 0.2% increase, as of 06:41 ET (10:41 GMT) on Thursday, after a period of flat trading.
Federal Reserve Rate Decision
The Federal Reserve raised its policy rate as expected on Wednesday evening, with at least three Fed officials advocating for an additional hike amid sticky inflation. Fed Chair Kevin Warsh offered limited detail on the path to the 2% inflation target, reinforcing market concerns that rates may stay elevated throughout the year.
Iran Tensions and Oil Prices
U.S. forces launched a new wave of strikes against Iran late Wednesday, prompting retaliatory attacks from Tehran. President Donald Trump warned of a severe U.S. response to recent attacks on American bases in the Middle East. The escalation pushed oil prices higher, reviving worries that energy‑driven inflation could trigger further rate hikes by major central banks.
Strategy Inc Earnings Preview
Strategy Inc (NASDAQ:MSTR) is scheduled to release its second‑quarter results after market close on Thursday. Analysts expect earnings per share of $0.79 on revenue of $122.93 million. The company’s 843,775‑Bitcoin reserve, acquired at an average cost of $75,400 per coin, is now valued well below cost, implying a substantial unrealized loss. Strategy made no Bitcoin purchases in the four weeks preceding the earnings release and has been selling portions of its holdings to bolster cash, having previously sold Bitcoin to satisfy rising capital and debt obligations. The firm’s large Bitcoin position is funded through a combination of debt and share issuances, and the market will watch for any indication of further sales from the Michael Saylor‑led company.
Altcoin Market Snapshot
In parallel, major altcoins moved sideways. Ether climbed 0.5% to $1,920.34, XRP slipped 0.6%, Solana rose 0.3%, Cardano gained 0.5%, and Binance Coin (BNB) surged 2.8%. Among memecoins, Dogecoin fell 0.5% while the Trump‑themed token $TRUMP rose 2%.
Attribution
The report was contributed by Vahid Karaahmetovic and compiled by Reuters.