Live updates: Bitcoin slips below $63,000 as oil, yields climb

liveUpdated 7 minutes agoWTI crude tops $82 a barrel, adding inflation pressure and weighing on risk assets as bond yields rise.Oil and yields rise as bitcoin drops below $63,000 (Pixabay)Cronos token surges 5%, its best performance in a monthCronos (CRO), the native utility and governance cryptocurrency of the Cronos blockchain and the Crypto.com ecosystem, has surged by nearly 5% to 5 cents since midnight UTC.That’s the best performance since July 16 when the token spiked 10%.The latest bounce from record lows follows news that Crypto.com is rolling out tokenized equities, facilitating exposure to U.S. stocks through its own app.Users can access 1,500 underlying stocks and funds for as little as $1.Bitcoin bulls need to defend key support at $62,800Bitcoin is trading near $62,800, a key level at the lower edge of the Ichimoku cloud on technical charts. A break below this point would push prices under the cloud, which is seen as a bearish signal for the market.The Ichimoku cloud is a technical analysis tool created by Japanese journalist Goichi Hosoda and published in the 1960s. It helps traders quickly spot trends, support, resistance, and momentum through a shaded area on the chart.Crossovers above and below the cloud are said to represent bullish and bearish trend reversals. Gemini falls 5% as exchange business weakensGemini (GEMI) shares fell 5% in Friday pre-market trading after second-quarter results exposed continued weakness in its core exchange business. Revenue rose 37% to $45.5 million, driven by services, while exchange revenue slid 38%. The company reported a $107.7 million net lossBitcoin slips below $63,000 as oil and treasury yields climbBitcoin fell below $63,000 as rising oil prices and bond yields weighed on risk assets. WTI crude climbed above $82 a barrel, while the yield on the U.S. 10-year Treasury advanced to 4.660%. 12345678910Building the Zcash Machine: Tachyon and Quantum ReadinessBuilding the Zcash Machine: Tachyon and Quantum ReadinessZcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Why it matters:Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.View Full Report