Bitcoin climbed above $65,000 on Monday as most major cryptocurrencies extended their weekly gains, while investors turned their attention to this week’s U.S. inflation data. BTC, ether and BNB are each up nearly 3% over seven days, while XRP remains the only major token in negative territory.

Bitcoin’s latest move higher comes ahead of Wednesday’s July consumer price report, scheduled for 8:30 a.m. ET. The weaker-than-expected U.S. jobs report released Friday reduced concerns that the Federal Reserve may need to raise interest rates, helping support risk assets.

Ether was trading around $1,919, up nearly 3% over the week. BNB gained 0.3% to $603, matching its weekly advance. Solana outperformed the largest cryptocurrencies, rising 1% on Monday to nearly $77 and gaining almost 5% over seven days. Tron was little changed at roughly 33 cents.

XRP fell 0.4% to $1.03 and was down about 4% over the week, making it the only major cryptocurrency to decline across both periods. HYPE, the native token of Hyperliquid, dropped more than 1% to $54 but remained more than 3% higher on the week. Dogecoin slipped below 7 cents.

The broader market was supported by strong equity performance. The MSCI All Country World Index rose 0.1%, recording its seventh gain in eight sessions, while an Asian equity benchmark advanced 0.6%. The S&P 500 reached a record following Friday’s soft employment figures.

Semiconductor stocks were a key source of strength, with a regional chip index gaining more than 1.5% on advances from Taiwan Semiconductor and SK Hynix.

Oil prices also moved higher amid renewed geopolitical uncertainty. Brent crude rose 1% to $84.40 per barrel, extending its gain to more than 5% over three sessions. The rally followed Iran’s rejection of talks with the U.S., while prospects for reopening the Strait of Hormuz remained uncertain. The 10-year Treasury yield increased one basis point to 4.66%, and the dollar strengthened against most major currencies.

Bitcoin’s advance has come despite several negative developments across the crypto market. In recent days, Coldcard-generated wallets have faced another series of sweeps, a serious BTCPay Server vulnerability drained merchant Lightning nodes, and the BIP-110 controversy led to a chain split that produced two blocks before activity stopped.

Wednesday’s inflation figures now represent the next major test for bitcoin. The weak jobs report helped improve the market outlook for BTC, but unexpectedly strong inflation could revive expectations for tighter monetary policy and put the recent rally under pressure.