Search results for Jackson Hole Symposium
Crypto
Bitcoin moves to reclaim $80,000 as Jackson Hole, U.S. PCE and ETF flows come into focus
Bitcoin posted a weekly close above its 50-week exponential moving average for the first time since 2025, raising attention on whether the move marks more than a bear-market bounce. It rose as high as $79,550 last week and closed at $77,727 on Bitstamp. Traders cite around $80,000 as key resistance, while $68,000 to $73,000 is seen as support. Jackson Hole, U.S. PCE data and spot bitcoin ETF inflows are key near-term factors.
Finance
KOSPI faces 7,000 test with Nvidia earnings, U.S. Treasury yields in focus
South Korean stocks are expected to take cues this week from Nvidia earnings and the U.S. July personal consumption expenditures price index. Semiconductor profit expectations and large shareholder-return plans are seen supporting the downside, but U.S. long-term yields and Middle East uncertainty remain variables. Investors will also watch the Jackson Hole symposium and U.S. rate-path signals. The KOSPI may retest 7,000 if AI demand holds and inflation does not surprise higher.
Crypto
Bitcoin climbs above $68,000 as SEC rule proposal, White House summit boost sentiment
Bitcoin regained the $68,000 level and rose 6.16 percent to $68,610, with market share at 58.84 percent, Coin360 data showed. Major altcoins also gained, while some tokens fell. The rally followed the SEC’s proposal of a new rule dubbed “Regulation Crypto Asset” and President Trump’s White House crypto summit with executives and CFTC and SEC chiefs. U.S. Treasury buyback news also supported risk assets.