Bitcoin retreats from one-month high as oil tops $85, inflation concerns resurface
BTC retreated from a one-month high as WTI crude topped $85 for the first time since June, reigniting inflation concerns and pushing investors toward gold, silver and the safety of bitcoin over altcoins.
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Summary
- Bitcoin fell below $66,000 after reaching its highest level in over a month on Tuesday as surging oil prices reignited inflation concerns.
- The risk-off rotation played out inside crypto too, with bitcoin’s dominance climbing to 59% as capital retreated from altcoins and stablecoins.
- Midnight (NIGHT) surged 19% after Charles Hoskinson praised the project on X, while ether.fi, ethena and ondo extended rallied as tokenized real-world assets drew interest despite the cautious macro backdrop.
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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.
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.
