Live: Bitcoin Falls Below $63K as Oil and Treasury Yields Rise

• Oil prices add to inflation concerns: WTI crude climbed above $82 a barrel, increasing inflationary pressure and weighing on risk assets as Treasury yields moved higher.
• U.S. retail sales decline in July: Retail sales dropped 0.6% in July, according to government data released minutes ago. Economists had expected a 0.1% increase, while June sales rose 0.2%.
• Core retail sales also disappoint: Excluding automobiles, retail sales declined 0.3% last month, compared with expectations for a 0.2% gain and a 0.2% decrease in June.

With major retailers already receiving extensive credit card data before the government release, markets had largely anticipated weaker figures, limiting the immediate reaction.

Even so, the softer sales data provide another indication that the Federal Reserve may have little reason to move quickly on interest rates.

Kraken Parent Payward Reports Higher Q2 Revenue

Payward, the parent company of crypto exchange Kraken, posted $508 million in adjusted revenue for the second quarter, representing a 17% increase from the same period last year.

Adjusted EBITDA fell 71% year over year to $23 million, compared with $80 million in the second quarter of 2025.

The company’s funded accounts increased 42% to 6.6 million, while assets on the platform climbed to $40 billion. Payward also said its DeFi Earn Bitcoin Vault had attracted roughly $400 million in deposits.

The company said declining spot trading volumes across the crypto industry were offset by stronger activity in traditional futures, equities and tokenized equities. Payward also gained spot market share for the third consecutive quarter.

U.S. National Debt Nears $40 Trillion

U.S. government debt has climbed to approximately $39.91 trillion, leaving less than $100 billion before the total reaches the $40 trillion milestone, according to the U.S. Debt Clock.

30-Year Treasury Auction Produces Highest Yield Since 2001

A $25 billion auction of 30-year U.S. Treasury bonds on Thursday resulted in a 5.22% yield. According to the Financial Times, that was the highest yield since the 5.52% recorded in August 2001.

Strive Preferred Shares Recover

Strive’s perpetual preferred stock SATA closed at $99.65, marking its strongest closing price since June 18, when it last traded near its $100 par value. The shares had previously fallen as low as $79 before recovering about 25%.

Strategy’s STRC preferred shares also closed above $95, reaching their highest level since June 12 and gaining 34% from their $71 low.

Cronos Posts Strongest Gain in Nearly a Month

Cronos (CRO), the utility and governance token of the Cronos blockchain and Crypto.com ecosystem, rose nearly 5% to around 5 cents since midnight UTC.

The move represents its strongest daily performance since July 16, when CRO jumped 10%.

The latest recovery from record lows followed Crypto.com’s announcement that it is introducing tokenized equities, giving users access to U.S. stocks through its application. Customers can gain exposure to 1,500 underlying stocks and funds with investments starting at $1.

Bitcoin Bulls Defend $62,800 Support

Bitcoin is trading near $62,800, a significant technical level positioned along the lower boundary of the Ichimoku cloud.

A move below that level could send Bitcoin beneath the cloud, which traders generally interpret as a bearish technical signal.

The Ichimoku cloud is a technical analysis indicator developed by Japanese journalist Goichi Hosoda and introduced in the 1960s. It is designed to help traders identify trends, support and resistance levels, and momentum. Moves through the cloud can signal potential bullish or bearish trend reversals.

Gemini Shares Slide 5%

Gemini shares dropped 5% in Friday’s premarket session after its second-quarter results showed continued weakness in its core exchange operations.

Revenue increased 37% to $45.5 million, largely due to growth in services, while exchange revenue declined 38%. The company also reported a net loss of $107.7 million.

Bitcoin Falls Below $63,000

Bitcoin dropped beneath $63,000 as rising crude oil prices and higher Treasury yields pressured risk assets.

WTI crude moved above $82 a barrel, while the yield on the 10-year U.S. Treasury rose to 4.660%.

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