Daily Market Update: Bitcoin Tops $65K as Inflation Data Looms and Stocks Hit Record Highs

TLDR

• Bitcoin climbed above $65,000, up nearly 3% on the week
• Solana was the top performer among major cryptos, up nearly 5% over seven days
• XRP was the only major crypto in the red, down 4% on the week
• The S&P 500 hit a record close, up 3.6% for the week
• Iran’s refusal to resume talks pushed oil prices higher, adding market uncertainty

Bitcoin pushed above $65,000 on Monday, building on gains from the past week. The move came after a weak U.S. jobs report on Friday eased fears that the Federal Reserve would raise interest rates again.

Crypto markets were broadly higher. Ether traded near $1,919, also up about 3% on the week. BNB held at $603 with similar weekly gains.

Solana was the strongest performer among major tokens, rising 1% on the day to nearly $77 and gaining almost 5% over seven days.

Not every token joined the rally. XRP was the only major crypto in the red, down 0.4% on the day to $1.03 and off 4% for the week. Dogecoin slipped to under 7 cents.

Hyperliquid’s HYPE dropped over 1% to $54, but still holds a gain of more than 3% on the week.

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