Daily Crypto Roundup: Bitcoin Falls Below $65K as AI Stocks Crash — Clarity Act, Quantum Threat and Uniswap Tokenization

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Welcome back to the Daily Crypto Roundup. Bitcoin has been dragged back below $65,000. Artificial intelligence stocks have suddenly developed a very expensive headache. And some of the biggest names in crypto are putting serious money behind protecting Bitcoin from quantum computers. We have also got Uniswap building a regulated bridge between traditional assets and decentralized finance. Ripple CEO Brad Garlinghouse telling lawmakers that perfect cannot become the enemy of good and a huge challenge for the Crypto News Today community. We are now just 8 5-star ratings away from reaching 300 on Spotify. If we can hit 300 by tomorrow, Friday the 24th of July, we will choose one random comment from today's episode and send that listener an extra 20 XRP on top of our usual giveaway.
Rate the show 5 stars. Leave a comment telling us whether you think the Clarity Act will pass, and let's smash through 300 together. Here is where the market stands as we record. Bitcoin is trading at roughly $64,900, down around 1.7% over the past 24 hours. Ethereum is at approximately $1,892, down around 2.4%.
XRP is close to $1.11, down just over 3%.
BNB is near $567, down less than 1%.
Solana is around $76, down roughly 2.6%.
Hyperliquid is close to $59.50 and is one of the few major assets in positive territory, while Cardano is around $0.17 and Chainlink is near $8.49.
A quick word from Kraken before we continue. Kraken is one of the longest established cryptocurrency exchanges in the industry, giving users access to a wide range of assets through a platform built around security, transparency and proper market infrastructure. You can find our Kraken link at the top of the episode description. Using it supports Crypto News Today at no additional cost to you, and if you sign up through it, message us so we can confirm you came through the show and include you in our listener promotions and send you your 20 XRP.
This is not financial advice. Cryptocurrency trading involves a significant risk of loss. Prices can move violently in either direction, and you should never trade or invest money you cannot afford to lose. Always carry out your own research and make your own decisions.
The market story changed dramatically during the day. Bitcoin had been holding above $65,000 after Alphabet delivered stronger than expected revenue and enormous cloud growth. The report initially reinforced the idea that the artificial intelligence spending boom was alive. Alphabet lifted its expected 2026 capital expenditure to between $195 billion and $205 billion, showing how much money is being poured into data centers, chips and artificial intelligence infrastructure. That spending helped companies connected to data center infrastructure, including former Bitcoin miners that have repositioned towards artificial intelligence computing. But investors then focused on the cost. Free cash flow is being squeezed, and shareholders are questioning how quickly the investment will produce returns. Alphabet shares fell sharply, Tesla dropped heavily, the Nasdaq sold off, and Bitcoin followed risk assets lower. The bigger problem was oil. Renewed escalation involving Iran and attacks linked to the Houthis sent crude prices surging. Brent crude moved above $100 per barrel. Inflation expectations rose. Bond yields climbed, and traders began pricing a much greater chance that the Federal Reserve could raise interest rates at its next meeting. That is the opposite of the easy money environment crypto investors want. Higher oil can feed inflation, higher inflation can keep central banks aggressive, and higher interest rates make risk assets less attractive. There is, however, a bullish counterpoint. United States-spot Bitcoin exchange-traded funds have attracted close to $1 billion across seven consecutive trading days. Institutional demand has not disappeared. Bitcoin is being hit by a wider macroeconomic selloff, while investors continue allocating through regulated products.
The immediate level to watch is $65,000.
Reclaiming it quickly would show buyers remain active. Failing to recover it, particularly if the Nasdaq keeps falling and oil stays above $100, could open the door to another test of the recent lows.
Our second story concerns a threat that does not exist today, but could become one of Bitcoin's biggest technical challenges.
BlackRock, Coinbase, Strategy, Fidelity Digital Assets, ARK Invest, Anchorage Digital, Block, Blockstream and Galaxy have formed the Bitcoin Security Consortium. The nine founding members have pledged to combine $15 million over three years to support Bitcoin security research and open source development. Part of that work will focus on quantum computing. Bitcoin relies on cryptography that current computers cannot realistically break. A sufficiently powerful quantum computer could, in theory, threaten some protections used to secure Bitcoin addresses and signatures. Those machines do not currently exist, but Bitcoin cannot wait until they do before preparing. Changing Bitcoin is slow by design. Developers, miners, exchanges, wallet providers and users need time to assess proposals, test code and coordinate implementation. Preparing years in advance is not panic. It is responsible engineering. The consortium says it will not control Bitcoin development or take positions on protocol decisions. Each member will independently choose which developers, researchers and organizations it funds. That matters because the Bitcoin community does not want major corporations appearing to buy influence over the network. The encouraging part is not that quantum computers are about to destroy Bitcoin. They are not. It is that companies holding and managing enormous amounts of Bitcoin are funding the technical work required to keep the network secure for decades. And while we are talking about security, a Ledger hardware wallet allows you to hold your private keys yourself. Our Ledger link is in the episode description.