Bitcoin Breaks $64k as ETF Inflows Continue to Fuel Market Gains

Bitcoin surged past $64,000 on August 5 as the market continued to benefit from strong institutional demand and easing geopolitical tensions. The broader cryptocurrency market saw a gain of nearly 0.8% over the past 24 hours, with a total value of around $2.19 trillion.

The move comes as U.S. spot Bitcoin ETFs recorded another day of positive inflows, attracting more than $381 million so far this week. This steady inflow suggests that institutional investors continue to add exposure despite recent market uncertainty, providing support for the market in the coming days.

Pump.fun's PUMP token and Hyperliquid's HYPE token led the altcoin market with strong daily gains of 12% and 4%, respectively. However, not all major cryptocurrencies gained, with XRP, TRON (TRX), and Dogecoin (DOGE) trading slightly lower during the session.