Bitcoin rose above $65,000 on Monday, up nearly 3% over the week, with July inflation data due Wednesday at 8:30 a.m. ET after Friday's weak jobs report eased worries the Federal Reserve would need to raise rates.

Ether traded near $1,919 and is also up almost 3% on the week. BNB gained 0.3% to $603 and matched that weekly move. Solana ( HSDT ) was the strongest major, up 1% on the day to nearly $77 and almost 5% over seven days. Tron held at 33 cents.

XRP was the only major in the red on both views, slipping 0.4% to $1.03 and down 4% on the week. Hyperliquid's HYPE fell over 1% to $54 but remains up over 3% on the week, and dogecoin eased to under 7 cents.

Equities set the tone. The MSCI All Country World Index rose 0.1%, its seventh gain in eight sessions, with the Asian gauge up 0.6% after Friday's soft jobs report sent the S&P 500 to a record.

Chipmakers led, with a regional semiconductor gauge rallying more than 1.5% on gains at Taiwan Semiconductor and SK Hynix ( SKHY ).

Oil went the other way. Brent rose 1% to $84.40 a barrel, extending a gain of more than 5% over three sessions, after Iran rejected talks with the U.S. and a deal to reopen the Strait of Hormuz stayed out of reach. Treasuries gave back some of Friday's rally, with the 10-year yield up a basis point to 4.66%, and the dollar strengthened against most major currencies.

As such, bitcoin has managed this without much help from its own corner. A fourth wave of sweeps against Coldcard-generated wallets, a critical flaw in BTCPay Server that drained merchant Lightning nodes on Friday, and a chain split over BIP-110 that produced two blocks and stalled have all landed in the past ten days.

U.S. consumer price data is the next test. Friday's jobs number did the work for bitcoin, and an inflation reading that revives the case for higher rates would take it back.