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Bitcoin Performance

Bitcoin rose to its highest level this month, touching $116,430, buoyed by renewed demand for risk assets following weaker-than-expected job market data. The Federal Reserve is expected to cut rates by 25 basis points, contributing to this bullish outlook.

Market Update

The crypto landscape is brimming with optimism as major indices show upward movement. The Nikkei 225 saw a rise of 0.65%, while the S&P 500 closed up 0.73% following favorable market conditions. However, geopolitical tensions, including new tariffs imposed by Trump on imports, still loom over the market.

Upcoming Events

Aug. 7, 10 am: Webinar on the U.S. federal payment stablecoin framework will be held by Circle, featuring discussions on its impact on crypto innovation.

For more details and insights, visit the CoinDesk website.