Bitcoin Surges Past $65,000 Amid Renewed Institutional Interest

Bitcoin's price surged past $65,000 on Tuesday, its highest since mid-August, driven by a rebound in US equities and easing geopolitical tensions.

The spot Bitcoin ETFs in the US saw nearly $300 million in net inflows, signaling renewed institutional interest in the asset.

Technical analysts highlight a potential bullish breakout towards $76,000 if momentum holds, while long-term holders have reduced their Bitcoin positions recently, suggesting that the asset may be entering an accumulation phase after a prolonged bear cycle.