Crypto news today is dominated by macro. The US ISM Manufacturing PMI came in at its strongest level in more than four years, oil crashed after Washington called off strikes on Iran, US equities opened sharply higher, and Bitcoin pushed back above $63,800. On the policy side, Bernstein published a note on what happens to crypto if the CLARITY Act dies in the Senate. Here is everything moving the crypto market today. The market is broadly green, but this is a grind higher rather than a melt-up. $Bitcoin trades around $63,780, up roughly 1.1% over 24 hours, after defending support near $62,500 over the weekend and reclaiming the $63,800 area during US hours. $Ethereum sits near $1,850, $XRP around $1.08 and Solana close to $73. $Cardano is the standout of the week, trading near $0.187 after a gain of more than 14%. Two things are capping the move. Bitcoin is still tradi…

The July ISM Manufacturing PMI registered 55.6, up 2.3 points from June's 53.3 and comfortably above the 54 consensus. That is the highest reading since May 2022 and the seventh consecutive month of expansion in US manufacturing. The internals backed up the headline. Production surged to 58.5 from 52.2, New Orders rose to 56.7, New Export Orders returned to expansion at 53.0 from 48.5, and Employment moved back above the line at 52.8 from 49.7. Only Inventories slipped, by 0.2 points. The number crypto traders should care about most is Prices Paid, which eased to 71.1 from 73.0. Strong growth with cooling input costs is the mix risk assets like best: expansion that does not immediately force the Fed to turn hawkish again. Crypto X was quick to note that this is the seventh straight print above 52, a streak last seen in Q4 2020, right as the biggest bull run in crypto…