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Crypto
Bitcoin hits August high overnight as focus turns to U.S. CPI and PPI this week
Bitcoin rose to an August high near $65,420 ahead of the weekly close, shifting market attention to U.S. inflation data due this week. July CPI and PPI are scheduled for release on Aug. 12 and 13, after both came in below expectations last month. Analysts pointed to shifting expectations for a Fed rate hold in September. The article also highlights yen intervention, technical resistance near $65,800, mixed on-chain signals and weak spot market activity.
Finance
KOSPI record surge puts focus on whether rebound can continue
South Korea\'s stock market, after posting its biggest one-day jump on record on July 31, is in focus this week for signs the rebound can continue. Easing worries about a slowdown in AI investment, upcoming U.S. economic data and interest rates, and whether semiconductor supply normalises are seen as key variables. Foreign investors returned in force, while individuals sold heavily. Market participants are also watching the impact of tighter rules on single-stock leveraged ETFs.
Crypto
Trump says Iran issue will work out; five Bitcoin checkpoints this week
Bitcoin has fallen below $73,000 in June amid volatility tied to news of air strikes on Iran and uncertainty over a ceasefire, Cointelegraph reported. Donald Trump wrote on Truth Social that Iran wants a deal, though a ceasefire discussed as lasting at least 60 days has not been finalised. Traders cited $72,000 as key support and $75,000 as a near-term target. U.S. macro releases and on-chain and derivatives indicators are also in focus.
