The decision to preserve the SPR may lead to sustained high energy costs, impacting inflation, central bank policies, and Bitcoin mining dynamics. US Strategic Petroleum Reserve won't be tapped to ease fuel prices, and Bitcoin miners are feeling the heat.
BlackRock, a leading asset management firm and one of the top-performing Bitcoin ETF-issuing firms, has added to its Bitcoin stash with another purchase.
XRP (XRP) gained over 3.8% in July, snapping a two-month losing streak. The token still trailed other large caps, with Bitcoin (BTC) adding about 9% and Ethereum (ETH) around 20%.