#LastWeekInCrypto
#crptonews
#GOLD_UPDATE
#SilverUpdate
#OilMarket
Crypto: Bitcoin gained over 3% to peak above $65,300, pushing its market cap past $1.3 trillion, while Cardano logged a second week of double-digit gains (Bitcoin News) . The Fed held rates steady at 3.50%–3.75% with three officials dissenting in favor of a hike, and the CLARITY Act ran into hurdles ahead of the Senate's early-August recess (Crypto.com) . Ethereum outperformed BTC too, trading near $1,900–1,930. Overall a fairly calm, range-bound week for majors with altcoins like ADA outperforming.
Gold: Gold had a strong breakout week — spot gold climbed 2.4% to $4,341.69 an ounce, its highest since June 17, gaining more than 7% for the week, its strongest weekly performance since January (Business Today) . The rally was driven by lower energy prices and softening labor conditions after the US economy unexpectedly shed jobs in July, which reduced expectations of a Fed rate hike (TRADING ECONOMICS) .
Silver: Silver rode gold's coattails and outperformed — it surged 4% to a six-week high near $64, compressing the gold-silver ratio to roughly 67 from near 69 a week earlier (USAGOLD) , as the weak jobs report weakened the dollar.
Oil: Oil moved the opposite direction. Brent rose above $83 on Friday but still recorded a more than 7% decline over the week (TRADING ECONOMICS) , as markets weighed potential Iran-Oman negotiations over reopening the Strait of Hormuz against renewed geopolitical tensions, including reported attacks on vessels transiting Hormuz (TRADING ECONOMICS) . WTI closed around $77-78/bbl.
#crptonews
#GOLD_UPDATE
#SilverUpdate
#OilMarket
Crypto: Bitcoin gained over 3% to peak above $65,300, pushing its market cap past $1.3 trillion, while Cardano logged a second week of double-digit gains (Bitcoin News) . The Fed held rates steady at 3.50%–3.75% with three officials dissenting in favor of a hike, and the CLARITY Act ran into hurdles ahead of the Senate's early-August recess (Crypto.com) . Ethereum outperformed BTC too, trading near $1,900–1,930. Overall a fairly calm, range-bound week for majors with altcoins like ADA outperforming.
Gold: Gold had a strong breakout week — spot gold climbed 2.4% to $4,341.69 an ounce, its highest since June 17, gaining more than 7% for the week, its strongest weekly performance since January (Business Today) . The rally was driven by lower energy prices and softening labor conditions after the US economy unexpectedly shed jobs in July, which reduced expectations of a Fed rate hike (TRADING ECONOMICS) .
Silver: Silver rode gold's coattails and outperformed — it surged 4% to a six-week high near $64, compressing the gold-silver ratio to roughly 67 from near 69 a week earlier (USAGOLD) , as the weak jobs report weakened the dollar.
Oil: Oil moved the opposite direction. Brent rose above $83 on Friday but still recorded a more than 7% decline over the week (TRADING ECONOMICS) , as markets weighed potential Iran-Oman negotiations over reopening the Strait of Hormuz against renewed geopolitical tensions, including reported attacks on vessels transiting Hormuz (TRADING ECONOMICS) . WTI closed around $77-78/bbl.