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Crypto

Bitcoin enters volatile August after July rebound, faces \'August curse\'

Bitcoin has entered August trading after rebounding in July, with market attention on whether it can defy the so-called “August curse.” U.Today said bitcoin’s average August return since 2013 is slightly above 1 percent, but the median is negative, with most years ending in losses. It cited recent August declines in 2022 and 2023. The outlet flagged liquidity, technical resistance levels and a potential U.S. vote on the Clarity Act as key factors.

Finance

KOSPI surges over 1,000 points after three-day slump, posts record gain

South Korea\'s KOSPI rebounded after three straight sessions of declines, soaring more than 1,000 points to post its biggest-ever rise in both percentage terms and points. Sentiment improved after U.S. technology and semiconductor stocks surged, with foreign and institutional investors concentrating buying in Samsung Electronics and SK Hynix. The KOSDAQ also rose sharply. Buy-side circuit breakers were triggered shortly after the open in both markets.

Crypto

Bitcoin holds near $64,500 as markets stay cautious despite cooling U.S. PCE

Bitcoin held around $64,500 on July 30, moving in tandem with a rebound in U.S. stocks as risk sentiment improved after U.S. PCE data met expectations and a semiconductor selloff eased. June PCE rose 3.7 percent year on year, slowing from May, and fell month on month for the first time since 2020. Still, analysts cautioned inflation remains well above the Fed’s 2.0 percent target.