Crypto
Bitcoin Surges to $65K Amid Rebounding US Stocks and Renewed Institutional Interest
Bitcoin (BTC) has reached $65,000 for the first time since August 10 as US stocks rebounded and geopolitical tensions eased.
The price surge coincided with comments from President Trump that the Strait of Hormuz was 'open and operating' and that all water mines had been removed or detonated.
US spot Bitcoin ETFs recorded nearly $300 million in net inflows on Monday, their strongest single day since May 5, indicating renewed institutional interest.
VanEck researchers noted that eight of 12 signals in their 'Bitcoin Capitulation Check' are currently active, suggesting that Bitcoin may be nearing or currently in an accumulation phase.