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Bitcoin above $65,000 as Alphabet AI bill boosts chip

HomeMarketsBitcoin above $65,000 as Alphabet AI bill boosts chip

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Bitcoin traded near $65,400 on Thursday, slipping 0.3% on the day while rising 1.4% for the week, with U.S.-listed spot bitcoin ETFs pulling in nearly $1 billion over seven straight trading days. The price recently topped $66,000 for the first time since mid‑June.

Alphabet’s larger AI-related spending has helped boost chip stocks, supporting gains among major Asian semiconductor names including Samsung and SK Hynix.

U.S.-listed spot bitcoin ETFs have pulled in nearly $1 billion in investor money over seven consecutive trading days, a cumulative inflow recorded across the most recent sequence of market sessions and reported as the aggregate of daily fund movements into publicly listed spot bitcoin vehicles during that period.

Investors allocated almost $500 million in the past week alone, the best weekly inflow since early May, with that weekly total reported separately as the standout single‑week performance within the same recent reporting window.

Both the seven‑day cumulative inflow and the weekly allocation were recorded in the recent trading period and reported as discrete fund‑flow figures for spot bitcoin ETFs.

Alphabet reported revenue rising 24% to $119.8 billion, with its cloud segment expanding 82%, and both results came in ahead of expectations. The company presented these figures as part of its most recent financial report. Revenue and cloud growth were highlighted in the published results.

Alphabet raised its 2026 capital spending forecast to $195 billion–$205 billion from $180 billion–$190 billion, citing a “supply-constrained” scramble to meet AI demand. The company framed the higher projection explicitly in the spending outlook. Alphabet stock fell in after-hours trading as investors weighed the heavier spending against slimmer free cash flow. Asian chipmakers moved higher the same day, with the Kospi up 3.6% and Samsung and SK Hynix rising by more than 2%.

The reported results and the revised capital expenditure range coincided with moves in chip equities and after-hours activity in Alphabet stock. Those items were part of the day’s market reporting.

Asian chipmakers rose again on Thursday, with the Kospi up 3.6% and major semiconductor names Samsung and SK Hynix rising by more than 2% in the session, movements recorded in market reports.

Major cryptocurrencies were reported at steady price points during the same trading period, with Ether holding near $1,916, XRP at $1.13 and Solana at $77, as noted in the coverage.

Oil kept climbing, extending a July rally that has revived inflation worries, a trend mentioned alongside equity and crypto developments in the day’s market summary.

The next test is the Federal Reserve meeting on July 28-29, identified in the report as the upcoming key policy event for markets.

Those developments were reported in the day’s market coverage and included in summary reports for the session.

Bitcoin was trading near $65,000 during the session, and the price had briefly topped $66,000 earlier in the period. Alphabet’s larger AI-related spending outlook and stronger cloud revenue accompanied the market moves, and those company results were reported alongside gains in semiconductor stocks. Those developments together supported activity across chip equities and cryptocurrencies while markets prepare for the Federal Reserve meeting on July 28-29.

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Calipsu.com is dedicated to providing clear, reliable, and accessible information about cryptocurrencies, blockchain technology, and decentralized finance (DeFi). Its mission is to help readers better understand a rapidly evolving ecosystem that is often complex, technical, and misunderstood. The platform covers a wide range of topics, from major blockchain networks and crypto assets to DeFi protocols, Web3 applications, and emerging trends. The website also publishes practical guides and tutorials that explain how decentralized tools function, such as wallets, staking mechanisms, lending protocols, and liquidity pools. These guides aim to describe processes and risks clearly, helping readers understand the mechanics behind DeFi rather than encouraging participation.

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