Bitcoin Defends $65,000 as Aave and Ondo Gain Momentum

Bitcoin has maintained its position above $65,000 during Wednesday trading, a level it has defended for several days.

This stability is attributed to sustained institutional buying through spot Bitcoin ETFs and on-chain accumulation by mid-sized holders, according to analysts.

The Grayscale Bitcoin Trust and other major funds reported net inflows of approximately $120 million on Tuesday, signaling continued demand from traditional investors.

Aave's native token, AAVE, rose 6.4% to $145.30 following the announcement of a new cross-chain liquidity initiative aimed at expanding the protocol's total value locked across multiple blockchain networks.