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Bitcoin Breaks $65,000: What Is Driving Further Gains?
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CoinEx News: Bitcoin traded above $65,000 on August 10, 2026, after rising nearly 3% over the previous week. The advance followed weaker-than-expected US employment data that eased concerns about additional Federal Reserve rate hikes and lifted risk appetite across both traditional and digital markets. The S&P 500 reached new highs after the jobs report, while semiconductor shares also strengthened.

Most major cryptocurrencies finished the week higher in line with Bitcoin. Ethereum traded near $1,919 with a weekly gain of about 3%, Solana advanced nearly 5% to around $77. XRP lagged with a weekly decline of roughly 4%. The price move took place despite recent technical issues on the Bitcoin network, including wallet-related attacks and a short-lived chain split. Market attention now turns to the US consumer price index data scheduled for release on August 12. Softer or in-line inflation figures could support further gains, while a hotter reading may reverse recent advances. Macro policy expectations currently outweigh internal network events for most participants.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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