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Finance

Won-dollar exchange rate closes in 1,300 won range for first time in 10 months

The won-dollar exchange rate fell into the 1,300 won range for the first time in about 10 and a half months. In Seoul’s foreign exchange market on Aug. 19, it was at 1,399.0 won around 12:02 p.m. It was the first time it dipped below 1,400 won since Oct. 2 last year. The rate opened at 1,413.3 won and extended losses to close at 1,397.7 won, down 14.1 won.

Crypto

Five factors for bitcoin this week, from Fed minutes to Bank of Japan and whale inflows

Bitcoin has recovered to the $64,000 range, but it ended the week trading below the 200-week simple moving average, keeping concerns about the long-term trend alive. Markets are watching whether the break is temporary or a signal of further declines. This week’s drivers include U.S. PMI data and the Federal Reserve’s July meeting minutes, Japan’s rate outlook and rising bond yields, weak spot bitcoin ETF flows, and a rise in whale deposits on exchanges.

Crypto

Bitcoin stuck despite U.S. inflation cooling, capped by 1.79 million BTC supply wall

Bullish bets targeting $70,000 are rising again, but Bitcoin has repeatedly failed to break higher due to a sell wall of about 1.79 million BTC near $65,000. The cryptocurrency has been trapped in a $63,000 to $65,000 range for three weeks and showed little reaction after the U.S. July CPI report. Options data show heavy interest in $70,000 calls and $60,000 puts, signaling both upside positioning and downside defense.