Bitcoin Breaks Above $65,000 Amid Renewed Institutional Investment

Bitcoin has broken above the $65,000 mark, a psychological and technical barrier that had been in place for weeks.

The rally comes after a period of consolidation, with Bitcoin trading between $60,000 and $63,000 for most of the past two weeks.

Market data shows increased trading volumes on exchanges like Binance, up 15% over the past day, indicating genuine participation rather than thin order books. Open interest in Bitcoin futures has also risen, suggesting leveraged positions are being added.

The breakout is attributed to a combination of factors, including dovish Federal Reserve signals and renewed institutional inflows into spot Bitcoin exchange-traded funds (ETFs), which have resumed after a brief slowdown with net inflows of over $200 million in the past two days.