Bitcoin Edges Lower as Traders Weigh Earnings

Dow Jones
7 hours ago

0719 GMT - Bitcoin falls slightly as investors digest corporate earnings and remain cautious over the U.S.-Iran conflict. Apple and Amazon both reported stronger-than-expected quarterly revenues overnight. Amazon's shares rose but Apple fell as it forecast weaker sales growth. Crypto hoarding firm Strategy swung to a second-quarter loss, citing bitcoin's decline and "muted bitcoin sentiment and market skepticism." Meanwhile, U.S. officials said Hamas has agreed to a broad plan to disarm but acknowledged many challenges ahead. The news comes after the U.S. said it launched a heavy wave of strikes in Iran Thursday. Bitcoin falls 1.0% to $64,062, LSEG data show.

 

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