Bitcoin Climbs Past $65,000 as Markets Await Key Inflation Report

Bitcoin pushed above $65,000 today, gaining nearly 3% over the week after a soft U.S. jobs report eased concerns that the Federal Reserve would raise interest rates further. Attention now shifts to Wednesday’s inflation data, seen as the next major test for the rally.

Most Major Coins Post Weekly Gains

Ether traded near $1,920, also up close to 3.1% for the week, while BNB rose slightly to $603 with a similar weekly move. Solana led gains among major tokens, climbing nearly 5.3% over seven days. XRP was the lone decliner, slipping about 4% weekly.

Wider Market Backdrop Stays Supportive

Global equities extended recent strength, with chipmakers performing well and oil prices rising amid tensions over the Strait of Hormuz. Despite the price gains, bitcoin’s own ecosystem faced setbacks recently, including wallet security issues and a brief network split, though broader market momentum has so far outweighed these concerns.