markets··1 min read
Bitcoin Rises to Two-Week High Near $65,500 Amid ETF Inflows and Semiconductor Rebound
Bitcoin reached its highest price in two weeks, supported by strong ETF inflows and a rebound in Asian semiconductor stocks.
Bitcoin climbed to a two-week high near $65,500, buoyed by improving risk appetite in global markets. The move was accompanied by a sharp rebound in Asian semiconductor shares and a fifth consecutive day of inflows into U.S. spot Bitcoin ETFs, which have now surpassed $600 million in the period.
Market Drivers
- Asian semiconductor stocks rebounded strongly, boosting broader market sentiment.
- U.S. spot Bitcoin ETFs recorded over $600 million in net inflows over the past five trading days.
- Crude oil prices pulled back as diplomatic efforts in the Middle East eased supply concerns, reducing inflation fears.
Bitcoin's recovery from recent lows comes as traders weigh improving macroeconomic signals, though the asset remains sensitive to broader risk trends. The convergence of technology stock strength and institutional inflows provided a tailwind for the largest cryptocurrency.