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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.

Crypto

U.S., Japan coordinate to defend weak yen; five key variables that could shake bitcoin this week

Bitcoin is searching for direction around $63,000 in the first week of August as global macro conditions and crypto-specific risks pull at prices. Key factors include the possibility of coordinated U.S.-Japan action to support the yen, U.S. July nonfarm payrolls, shifts in risk sentiment linked to Middle East developments and seasonal weakness in U.S. equities. A Coldcard hardware wallet hack and related fund movements are also in focus.

Crypto

Bitcoin breaks above $66,000 to hit highest in a month

Bitcoin climbed above $66,000 to its highest level in a month, reaching $66,306 on Bitstamp, Cointelegraph reported. After repeatedly facing resistance near $65,000, it kept rising, with some in the market targeting $67,000 and again citing $70,000 as a psychological barrier. Traders pointed to higher resistance at $67,500 to $68,000. Liquidations rose, while options demand appeared into late July as markets watched the Federal Reserve.