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Crypto

Bitcoin nears $80,000 as Peter Brandt’s $58,000 call comes under review

Bitcoin has climbed toward $80,000 after breaking out of a lower range around $60,000, putting veteran trader Peter Brandt’s $58,000 to $62,000 downside target under renewed scrutiny. Bitcoin briefly fell to $57,717 on July 1 and then moved sideways for months in that band before reversing higher. The market saw heightened volatility as it digested a surge in Treasury yields and new fiscal consolidation policy ideas. A large short squeeze on Aug. 22 helped push prices near $80,000.

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.