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Crypto

Bitcoin Regains Ground Above $65,000 Amid Renewed Institutional Demand

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin (BTC) has regained ground and is trading above $65,000 after a mild recovery of over 2% last week.

The price found support around the 200-week Simple Moving Average (SMA) at $64,009, with bulls showing renewed strength in the market.

US-listed BTC spot ETFs attracted over $850 million last week, marking the highest weekly inflow since mid-April, indicating strong institutional demand for Bitcoin.

The stalled Bitcoin Improvement Proposal (BIP) 110 soft fork and ongoing Middle East uncertainty are weighing on the price, however.

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