Bitcoin Slips to $64,000 as Brent Rebounds to $94 and Yields Rise
Updated
Updated · CoinDesk · Aug 18
Bitcoin Slips to $64,000 as Brent Rebounds to $94 and Yields Rise
3 articles · Updated · CoinDesk · Aug 18
Summary
$64,000 bitcoin fell 0.6% since midnight UTC, giving back part of Monday’s jump from $62,600 to $64,600 as Nasdaq 100 futures dropped 1.1%.
Brent crude’s return to $94 a barrel and higher Treasury yields drove the pullback after a 60-day U.S.-Iran ceasefire expired without a deal, reviving inflation worries before Wednesday’s Fed minutes.
Crypto positioning still showed selective bullishness: bitcoin futures taker flow turned more than 51% long, perpetual funding rates hit a 20-month high, and open interest held near 750,000 BTC.
That strength was not broad-based—ether lost about 1%, SUI fell 4.6%, and XLM slid nearly 3% to $0.15 as negative funding and rising open interest pointed to aggressive shorting.
Wednesday could test the range-bound market again, with the Fed minutes due the same day Trump is expected to meet crypto executives at the White House.