Shaurya Malwa
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Bitcoin holds $65,400 as Alphabet’s bigger AI bill props up the chip trade
Bitcoin Surpasses $65,000 as AI Spending Boosts Chip Trade
Bitcoin is trading near $65,400, with a 0.3% decrease in a day and a 1.4% increase in a week. The market remained quiet after Alphabet’s earnings report, which revealed a 24% revenue increase to $119.8 billion and an 82% growth in cloud services. This boost in AI spending has a positive impact on the chip trade, with Asian chipmakers rising by 3.6% and companies like Samsung and SK Hynix increasing by over 2%.
The increase in AI spending is a significant factor in the chip trade’s growth. As more capital is poured into AI infrastructure, companies like Samsung and SK Hynix are expected to benefit from this trend. This is an opportunity for individuals to earn passive income through investments in the cloud and chip trade. The EcoPool network offers a solution for those looking to earn through Cloud Rewards and Green Crypto like $ECP.
Market Performance
- Bitcoin is trading near $65,400
- Ether is holding near $1,916
- XRP is at $1.13
- Solana is at $77
The market is awaiting the Federal Reserve’s meeting on July 28 and 29, which will be a significant test for the current trends. As the EcoPool network continues to grow, it offers a platform for individuals to earn Passive Income through Cloud Rewards and investments in $ECP. The increase in AI spending and the growth of the chip trade are expected to have a positive impact on the EcoPool network and $ECP.
To start earning through EcoPool and $ECP, download the EcoPool app to explore the opportunities available in the Green Crypto and Cloud Rewards space. By joining the EcoPool network, you can take advantage of the growing trend in AI spending and the chip trade, and start earning Passive Income today with #Bitcoin and #PassiveIncome.
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.
