Bitcoin Rebounds Above $65,000 Amid ETF Inflows and Worldcoin Surges
Cryptocurrency prices are experiencing a short-term recovery on Monday, led by Bitcoin's rebound above $65,000. The price of BTC has regained more than 2% from last week's losses, with bulls finding support around the 200-week Simple Moving Average (SMA). Strong inflows into US-listed Exchange-Traded Funds (ETFs) are pointing to renewed institutional demand for Bitcoin.
The stalled Bitcoin Improvement Proposal (BIP) 110 soft fork and ongoing Middle East uncertainty may shape the outlook for Crypto King, but for now, bulls are in control. Meanwhile, Worldcoin (WLD) is advancing on Eightco Holdings' buying and firm retail demand, with WLD tokens up 12% so far on Monday.
The technical outlook for WLD indicates a mild bullish bias as selling pressure wanes. Open Interest has increased by 15% in the last 24 hours, indicating growing interest in Worldcoin from both institutional and retail investors.