Bitcoin Climbs Above $65,000 Ahead of U.S. Inflation Report

Bitcoin moved above $65,000 on Monday, gaining nearly 3% over the week, as markets looked ahead to July U.S. inflation data scheduled for Wednesday at 8:30 a.m. ET. The move followed a weak U.S. jobs report that eased concerns the Federal Reserve would need to raise interest rates further.

The inflation report matters because it is the next major macro test for bitcoin and other risk assets. A hotter reading could renew expectations for higher rates, a backdrop that has often weighed on speculative markets, while softer data would keep attention on whether financial conditions may remain more supportive.

Major cryptocurrencies were mostly higher over the week. Ether traded near $1,919 and was also up almost 3%, while BNB rose to $603 and Solana gained nearly 5% over seven days. Tron held around 33 cents.

XRP was the main exception among large tokens, slipping 0.4% on the day to $1.03 and falling 4% for the week. Hyperliquid’s HYPE declined more than 1% to $54 but remained up over 3% across seven days, while dogecoin eased to below 7 cents.

Broader markets also shaped the tone. Global equities traded near records, chipmakers rallied, oil prices rose on renewed Middle East tensions, and both U.S. Treasury yields and the dollar firmed. Bitcoin’s advance came despite recent technical setbacks in its own ecosystem, including reported wallet sweeps, a BTCPay Server flaw affecting merchant Lightning nodes, and a chain split tied to BIP-110.