News Summary

• Bitcoin climbs to $77,400, turning higher with other risk assets after earnings reports from the largest U.S. tech companies.
• The gains came after Apple (AAPL) joined peers with an earnings report that improved sentiment across the industry.
• Mercado Bitcoin said the market is dealing with “short-term pressure with still-mixed structural factors,” including reduced rate-cut hopes, ETF outflows and higher geopolitical risk.
• Higher crude prices from the Iran conflict and disruption in the Strait of Hormuz could feed inflation, making central banks less willing to cut interest rates.