Live updates: Bitcoin under $66,000 as traders await Alphabet earnings to gauge AI trade

live Updated just now Live updates: Bitcoin under $66,000 as traders await Alphabet earnings to gauge AI trade A two-day chip rebound stalled ahead of Alphabet's earnings in a sign of whether the hundreds of billions going into AI is paying off. Bitcoin has tracked that trade all month. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Google parent Alphabet will release earnings later Wednesday, wobbing tech stocks and bitcoin in the Asia session. (Unsplash) just now · 8:13 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin holds below $66,000 as the market waits on Alphabet to judge the AI trade Bitcoin traded near $65,900 on Wednesday, holding just below the two-week high it touched earlier, up 1.5% on the week, per CoinDesk data. The pause matches the broader market, where a two-day rebound in chip stocks stalled as traders waited on Alphabet's results after the U.S. close. Nasdaq 100 futures fell 0.8% and South Korea's Kospi trimmed strong early gains, with tech lagging in Europe too. The trigger is Alphabet, which said last quarter it would more than double capital spending to as much as $190 billion this year. Investors want evidence that spending is generating returns, and the report lands just as chipmakers have been whipsawed by fears the pace of AI investment cannot hold. Bitcoin has moved with the AI trade all month, up when the chip complex is strong and down when it wobbles, because the same risk appetite drives both and because bitcoin miners have rebuilt into AI data-center operators. The majors were quiet otherwise. Ether held near $1,917, up 2% on the week, while Hyperliquid lagged at down 2% over seven days. The Fed meets July 28 and 29, six days after Alphabet gives the market its first hard look at whether the AI build-out is still worth paying for. Latest Crypto News 1 AI models escaped OpenAI’s sandbox and hit Hugging Face. Crypto is where that gets dangerous 2 hours ago 2 Bitcoin holds near $66,300 as chips extend their rally and the yen hits a 40-year low 3 hours ago 3 Crypto lobby group Digital Chamber sues Illinois to block digital asset tax 10 hours ago 4 Crypto Clarity Act still at mercy of ethics section as Democrats balk at Trump deal 10 hours ago 5 Bitcoin rally faces key test at $68,000 as 'summer slumber' grips crypto, analysts say 12 hours ago 6 White House pushes Senate Democrats to take 'historic' crypto Clarity Act ethics deal 13 hours ago 7 Movement Labs files for Chapter 11 bankruptcy months after token scandal 14 hours ago 8 Claude's Fable 5 just solved an 87-year-old math problem, and it matters for bitcoin 15 hours ago 9 Galaxy sets up $5 million fund to help shield Bitcoin against quantum computing threats 15 hours ago 10 Russia’s parliament passes crypto market law with $3,800 annual cap for retail investors 16 hours ago Latest Research TRON Network - Q2 2026 TRON Network - Q2 2026 In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach. By CoinDesk Research 19 hours ago Commissioned by Tron In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach. Why it matters : In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach. View Full Report More From Tech Claude's Fable 5 just solved an 87-year-old math problem, and it matters for bitcoin Galaxy sets up $5 million fund to help shield Bitcoin against quantum computing threats MoneyGram's CEO says blockchain works best when customers don't know it's there