Dogecoin and BNB lead majors higher as bitcoin slips near $63,700

CoreWeave surged 16% after hours on stronger-than-expected sales growth, and Super Micro Computer rose almost 8% on a revenue forecast above estimates, lifting Nasdaq 100 futures.

Oil kept climbing. Brent rose over 1% to $90 a barrel, a sixth straight session of gains and its longest run since April, with traders still doubtful about a Middle East deal.

Jeff Mei, chief operating officer at BTSE, said the week's direction rests on the inflation print and on whether Iran and the U.S. reach a deal over the Strait of Hormuz.

"Last week's US job numbers were weak — a continuing narrative supporting this trend and lower inflation would cement expectations for Fed cuts by year-end, boosting liquidity and risk assets like Bitcoin," Mei said.

"Traders should watch for any hawkish pushback from Fed speakers, but the macro setup could lead to a relief rally if this week's CPI numbers are lower than expected,” he added.

July inflation data is due at 8:30 a.m. ET, with oil's run feeding directly into it.