Bitcoin is trading at approximately $65,400, reflecting a 0.3% daily decline but a 1.4% increase over the week, according to CoinDesk. The cryptocurrency market remained stable following Alphabet's earnings report, which revealed a 24% revenue increase to $119.8 billion and an 82% growth in cloud services. However, Alphabet's announcement of increased capital spending for 2026, now projected between $195 billion and $205 billion, led to a decline in its stock as investors considered the impact on free cash flow. The increased spending on AI infrastructure has positively influenced chip stocks, with Asian chipmakers like Samsung and SK Hynix seeing gains of over 2%. Meanwhile, other major cryptocurrencies such as Ether, XRP, and Solana remained stable, while Hyperliquid experienced an 11% weekly decline. The market is now looking ahead to the Federal Reserve's meeting on July 28 and 29, as oil prices continue to rise, fueling inflation concerns.