Live updates: Bitcoin under $66,000 as traders await Alphabet earnings to gauge AI trade
CoinDesk 2026-07-22 08:13:28
Context: The value of Bitcoin is currently under $66,000 as traders eagerly await the earnings report from Alphabet, a major player in the tech industry, to assess the performance of the artificial intelligence (AI) trade. This anticipation comes after a two-day rebound in chip stocks stalled, indicating a cautious market ahead of Alphabet's earnings release. The connection between Bitcoin's value and the AI trade has been evident throughout the month.
Key Facts
- The current value of Bitcoin is under $66,000, reflecting a cautious market sentiment as traders await the release of Alphabet's earnings report to gauge the performance of the AI trade.
- A two-day rebound in chip stocks stalled ahead of Alphabet's earnings release, suggesting that investors are hesitant to make significant moves until they have a clearer understanding of the company's financial performance and its implications for the AI sector.
- Bitcoin's value has been closely tracking the AI trade throughout the month, indicating a strong correlation between the cryptocurrency's performance and the market's perception of the AI industry's prospects.