Bitcoin

In a macro environment where the Fear & Greed Index sits at 33 (Fear) and BTC dominance is high, altcoins are underperforming. Consumer tech launches like this typically have zero direct impact on crypto prices, but they serve as a reminder that retail capital is finite—if consumers splurge on $2,000 phones, they have less to allocate to speculative assets. Additionally, the lack of any crypto-related feature (e.g., hardware wallet integration) underscores the continued separation between mainstream tech and crypto adoption.

Samsung held its Galaxy Unpacked event in London, announcing new foldable phones (Z Flip 8, Z Fold 8, Z Fold 8 Ultra) and smartwatches (Galaxy Watch 9, Watch Ultra 2), with a Spider-Man appearance.