Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind
Bitcoin prices rose to a two-week high near $65,500, supported by renewed institutional inflows into spot ETFs and a recovery in Asian tech stocks. Market participants are now closely monitoring the upcoming Federal Reserve meeting for signals regarding future interest rate adjustments.
The largest cryptocurrency rose 1% on the day and 5% on the week, with roughly $33 billion changing hands. Ether was the stronger of the two majors again at $1,922, up 3% on the day and 8% over seven sessions. XRP added 3% to $1.13 and is up 6% on the week, Solana rose 2% to $78, BNB held at $574 and dogecoin was flat. Hyperliquid's HYPE gained 4% to $63 but remains the only major underwater over the week.
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