Bitcoin holds above $77,100 after 21% weekly surge

Bitcoin traded just above $77,100 in Asian morning hours Monday, easing marginally on the day but gaining more than 21% over the week. Traders are holding back ahead of Federal Reserve Chair Kevin Warsh's first Jackson Hole address, where markets will seek clues on interest rates amid high oil prices and long-dated yields near multi-decade highs. XRP led major crypto assets with a weekly gain of more than 46%, while Ether rose almost 28%, Dogecoin 30%, Solana 24%, Hyperliquid's HYPE more than 35% and BNB 15%. Equities moved lower across Asia, with Samsung Electronics, Alibaba and SoftBank falling after company-specific announcements. Nvidia's earnings and outlook this week are expected to provide an important gauge of demand for the chips used in large artificial-intelligence projects.

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