Bitcoin tops $65,000 with US inflation data due this week

Bitcoin rose above $65,000 on Monday, up nearly 3% over the week, with July inflation data due Wednesday at 8:30 a.m. ET after Friday’s weak jobs report eased worries the Federal Reserve would need to raise rates.

Ether traded near $1,919 and is also up almost 3% on the week. BNB gained 0.3% to $603 and matched that weekly move. Solana was the strongest major, up 1% on the day to nearly $77 and almost 5% over seven days. Tron held at 33 cents.

XRP was the only major in the red on both views, slipping 0.4% to $1.03 and down 4% on the week. Hyperliquid’s HYPE fell over 1% to $54 but remains up over 3% on the week, and dogecoin eased to under 7 cents.

Equities set the tone. The MSCI All Country World Index rose 0.1%, its seventh gain in eight sessions, with the Asian gauge up 0.6% after Friday’s soft jobs report sent the S&P 500 to a record.

Chipmakers led, with a regional semiconductor gauge rallying more than 1.5% on gains at Taiwan Semiconductor and SK Hynix.