Search results for U.S. Energy Information Administration
Crypto
Bitcoin miners face U.S. grid test as power demand rises, flexibility proof key by 2027
As U.S. electricity demand climbs through 2027, bitcoin mining firms are being tested on whether they can act as flexible loads that reduce consumption when supply is tight, rather than simply large users of power. The U.S. Energy Information Administration forecasts consumption rising from 4.195 trillion kWh in 2025 to 4.399 trillion kWh in 2027, driven by AI data centres, crypto operations and electrification. Texas grid operator ERCOT runs voluntary curtailment deals, but flexibility can weaken when mining profitability rises.
Crypto
Oil prices ease but gasoline inflation lingers; July U.S. CPI seen as turning point for bitcoin
Bitcoin has recovered to around $63,500 on slower U.S. job growth and a weaker dollar, but analysts see gasoline prices as the key variable for further gains. Markets are watching the June U.S. CPI due on July 14. Oil prices have fallen back toward pre-war levels, but gasoline futures and pump prices remain elevated. Fed messaging is mixed, and Citi cut targets while citing ETF outflows.
Crypto
When will bitcoin\'s real rally come? Key is Iran-U.S. 60-day talks
Bitcoin rebounded on news that the United States and Iran will restart talks, but markets are now watching the outcome of negotiations over the next 60 days. Oil prices fell as investors priced in lower risks of disruptions in the Strait of Hormuz and possible resumption of Iranian crude exports. Key issues, including nuclear limits, verification and sanctions relief, remain unresolved, and scepticism persists in the United States. The Fed kept rates at 3.50 to 3.75 percent.
