Bitcoin trades at $65,237, up 1.3 percent over the past 24 hours, securing a recovery above the $65,000 mark after a period of consolidation.
The macro backdrop is supporting the move. The Federal Reserve held interest rates steady, and softer U.S. inflation data has given digital assets room to run.
Spot Bitcoin ETFs posted a fifth consecutive day of net inflows. That sustained institutional buying is the direct driver behind this price action — not retail speculation, not leverage. Clean demand hitting the bid, day after day.
Traders are watching those inflows closely as a read on capital allocation and sentiment. A fifth straight positive day tells you money is still moving in, not out.
The immediate test is whether Bitcoin converts $65,000 into hard support. Holding here confirms market acceptance of the higher valuation and sets up a run at the next resistance level. Losing it means a retest of lower prices — simple as that.
Nakamoto Inc. (NAKA) surged 18.1 percent on July 15, moving in direct correlation with Bitcoin's push toward $65,000.
Ethereum gained 1.7 percent over the same 24-hour window, rising to $1,931.
