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Crude surges past US$100 as inflation fears return and tech stocks tumble. Bitcoin suffers smaller losses than the broader market despite continued ETF outflows.
A Fed rate hike, Senate setback and returning ETF demand tested crypto markets, while Bitcoin recovered above US$80,000 and sentiment remained firmly in Greed.
US spot Bitcoin ETFs extended their strongest inflow run of 2026 as Bitcoin retreated, while jobs data revived rate concerns ahead of a pivotal week for inflation.
A weak US jobs report shifted rate expectations, lifting risk assets as Bitcoin trades near US$65K despite cautious sentiment and unusual moves in bond markets.
Bitcoin reclaimed US$64,000 in a week where everything pointed the other way: oil up 5%, markets pricing a possible September rate hike. ETF flows turned positive after the worst month on record. Now the real tests, Tuesday's US inflation print and Fed Chair Warsh's first testimony.
Markets have moved quickly to price in a US-Iran peace deal and improving macro conditions. Crypto has participated, but more cautiously. This week's VIP Desk explores what's driving the divergence and the signals that could determine what comes next.