Dogecoin and BNB lead majors higher as bitcoin slips near $63,700
3 hrs ago
2 min read
Summary
- Dogecoin led major cryptocurrencies with a nearly 3 percent daily gain, while bitcoin was the only large token lower on both the day and the week.
- Asian equities rallied on strong semiconductor earnings, with Korea’s Kospi jumping 4.6 percent and gains in Samsung Electronics and SK Hynix lifting regional benchmarks.
- Investors are focused on Thursday’s U.S. CPI report and Middle East tensions, as lower inflation and a potential Fed pivot could fuel a relief rally in risk assets even as rising oil prices threaten to push inflation higher.
Dogecoin led the majors on Wednesday, rising almost 3% to just above 7 cents and taking its weekly gain to nearly 3%, while bitcoin slipped near $63,700 and was the only large token lower on both the day and the week.
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.
CoreWeave surged 16% after hours on stronger-than-expected sales growth, and Super Micro Computer rose almost 8% on a revenue forecast above estimates, lifting Nasdaq 100 futures.
Oil kept climbing. Brent rose over 1% to $90 a barrel, a sixth straight session of gains and its longest run since April, with traders still doubtful about a Middle East deal.
Jeff Mei, chief operating officer at BTSE, said the week's direction rests on the inflation print and on whether Iran and the U.S. reach a deal over the Strait of Hormuz.
"Last week's US job numbers were weak — a continuing narrative supporting this trend and lower inflation would cement expectations for Fed cuts by year-end, boosting liquidity and risk assets like Bitcoin," Mei said.
"Traders should watch for any hawkish pushback from Fed speakers, but the macro setup could lead to a relief rally if this week's CPI numbers are lower than expected,” he added.
July inflation data is due at 8:30 a.m. ET, with oil's run feeding directly into it.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
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