MARKET REPORT
Bitcoin tops $65,000 ahead of US inflation data as XRP lags
Executive takeaway
Bitcoin, ether and BNB each rose close to 3% on the week with global equities near records, while XRP fell 5% despite continued ETF inflows.
Bitcoin traded above $65,000 as investors positioned ahead of US inflation data due this week, according to CoinDesk. Every major cryptocurrency except XRP was higher on the week, with bitcoin, ether and BNB each up nearly 3%, against a backdrop of global equities trading near record levels.
XRP was the outlier, falling 5% over the week even as spot XRP exchange-traded funds continued to attract investor money, while bitcoin, ether and solana advanced.
The upcoming US consumer price data is the main near-term macro catalyst for crypto markets, which have tracked expectations for Federal Reserve policy closely this year.
Wire sources cited
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.