Dogecoin and BNB lead majors higher as bitcoin slips near $63,700
Major cryptocurrencies like BNB and Dogecoin saw gains while Bitcoin remained stagnant near $63,700 ahead of critical U.S. inflation data. Meanwhile, equity markets rallied on strong earnings reports from companies like Samsung and CoreWeave.
Why it matters
Market participants are closely monitoring inflation prints and geopolitical tensions in the Middle East to gauge the future direction of risk assets and Federal Reserve interest rate policy.
BNB followed with a 2% gain to $614, up almost 2% over seven days. Tron rose almost 1% to just under 34 cents and leads its own week at over 2%. XRP added over half a percent to just above $1, though it remains down 5% on the week, the worst weekly performance among the majors. Solana and ether both edged up to $76 and $1,890 respectively, with solana up 3% over seven days.
Hyperliquid's HYPE was the only other major in the red, down over 1% to $54 and 3% lower on the week.
Equities went the other way, powered by earnings. Korea's Kospi rallied 4.6%, with Samsung Electronics and SK Hynix both jumping around 7% on optimism over shareholder returns, and MSCI's Asia Pacific gauge rose almost 1% on semiconductor strength.
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