Live markets: Bitcoin trades above $65,000 as Alphabet's bigger AI bill props up the chip trade

live Updated just now Live markets: Bitcoin trades above $65,000 as Alphabet's bigger AI bill props up the chip trade Alphabet beat on revenue but raised its AI spending forecast again, sending its stock lower after hours. For the chip complex bitcoin tracks, more spending is the bullish read. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Google parent Alphabet reported earnings on Wednesday, with its bigger AI bill propping up the chip trade. (Pixabay) just now · 9:03 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin holds $65,400 as Alphabet's bigger AI bill props up the chip trade Bitcoin traded near $65,400 on Thursday, down 0.3% on the day and up 1.4% on the week, per CoinDesk data. The market stayed quiet through Alphabet's earnings, the report the whole week had been waiting on for a read on AI spending. Alphabet delivered a split verdict. Revenue rose 24% to $119.8 billion and cloud grew 82%, both ahead of expectations, but the company lifted its 2026 capital spending forecast again, to $195 billion to $205 billion from $180 billion to $190 billion, citing a "supply-constrained" scramble to meet AI demand. Its stock fell after hours as investors weighed the heavier spend against slimmer free cash flow. Alphabet's own shareholders may not like a fatter bill, but more capital pouring into AI infrastructure is what chip stocks have rallied on. Asian chipmakers rose again on Thursday, with the Kospi up 3.6% and Samsung and SK Hynix both up more than 2% on bets they will capture some of that spending. The majors were flat. Ether held near $1,916, XRP at $1.13 and Solana at $77, with Hyperliquid the outlier, down 11% on the week. Oil kept climbing, extending a July rally that has revived inflation worries. The next test is the Fed on July 28 and 29. Latest Crypto News 1 BitMEX, the exchange that invented perps, is shutting down 21 minutes ago 2 24/7 financial rails: How BNY plans to eliminate the weekend lag in U.S. Treasuries 22 minutes ago 3 South Korea's oldest crypto exchange is now part of the $1 trillion Mirae Group family 1 hour ago 4 Bitcoin, Ethereum-linked protocols lose $35 million in multiple attacks hours apart 2 hours ago 5 Arbitrum-based AFX Trade drained of $24 million after bridge keys compromised 4 hours ago 6 XRP whales accumulate as small holders capitulate 4 hours ago 7 Bitcoin wilts as oil and rates rise. Clarity Act odds tumble to 38% 5 hours ago 8 Senator Lummis: Ethics, other provisions in crypto Clarity Act to be further discussed 9 hours ago 9 Key Democratic lawmakers say crypto Clarity Act 'falls short' on ethics, other issues 10 hours ago 10 Tesla holds bitcoin treasury steady, reports $112M impairment loss 12 hours ago Latest Research Crypto Flows, Share and the Selective Rotation Crypto Flows, Share and the Selective Rotation Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows. By CoinDesk Research 18 hours ago Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows. Why it matters : Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows. View Full Report More From Tech Bitcoin, Ethereum-linked protocols lose $35 million in multiple attacks hours apart Arbitrum-based AFX Trade drained of $24 million after bridge keys compromised Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults