The Japanese yen rallied sharply after officials signaled a potential policy shift for the nation's massive pension fund, while the U.S. dollar edged higher for the week amid mixed economic signals.
The leading cryptocurrency recovered above a key psychological level but faces significant headwinds from hawkish central bank policy and record outflows from spot ETFs, which saw $4.5 billion pulled in June.
Liquid Mercury has submitted its MERC token white paper to EU regulators, fulfilling a key requirement of the Markets in Crypto-Assets (MiCA) regulation. The move paves the way for the token to be listed on regulated trading venues across the European Union.
Bitcoin is on track for a weekly gain of over 2% after rebounding above the $64,000 level, a move supported by a broader rally in technology stocks and an easing of geopolitical tensions.
Morgan Stanley reports that Nvidia's next growth phase will be driven by a diverse customer base including enterprise, sovereign AI, and industrial clients, reducing its reliance on a few large cloud providers. The bank reiterated its Overweight rating and a $288 price target on the stock.
The world's largest cryptocurrency gained nearly 2% as comments from President Trump suggested a potential deal with Iran, calming markets and causing a drop in oil prices.
The Saudi Arabian stock market closed slightly higher on Sunday, with the Tadawul All Share index gaining 0.10%, driven by strength in industrial and construction stocks despite more decliners than advancers.
Bitcoin and other major cryptocurrencies rallied after a U.S. nonfarm payrolls report came in significantly below expectations, leading investors to scale back bets on a near-term Federal Reserve interest rate increase.
Bitcoin traded above the $62,000 mark amid growing optimism for the passage of a comprehensive U.S. crypto bill. The stability comes as institutional interest remains strong, contrasting with extreme volatility in speculative meme coins.
