Bitcoin has surpassed the $65,000 threshold, marking a nearly 3% rise over the past week. This increase follows a lackluster U.S. jobs report that eased worries about potential interest rate hikes by the Federal Reserve. Investors are now looking ahead to crucial inflation data scheduled for release on Wednesday.
Other major cryptocurrencies have also experienced gains. Ether is trading near $1,919, also reflecting a 3% increase this week. BNB has seen a modest rise of 0.3%, reaching $603, while Solana has performed strongly, gaining almost 5% over the week to nearly $77. In contrast, XRP is the only major cryptocurrency experiencing a decline, dropping 0.4% to $1.03, which translates to a 4% decrease for the week.
The global equities market is also on an upward trajectory, with the MSCI All Country World Index rising by 0.1%. Asian markets alone have climbed 0.6%, buoyed by the recent disappointing jobs report, which has contributed to the S&P 500 reaching record highs. Chipmakers have led this rally, with a semiconductor index increasing by more than 1.5% due to strong performances from major companies like Taiwan Semiconductor and SK Hynix.
