Bitcoin Surpasses $66,000 as ETF Inflows Signal Rally

Bitcoin has climbed above the $66,000 level, reaching its highest since May, driven by strong exchange-traded fund (ETF) inflows and increased risk appetite. Over the past five days, Bitcoin ETFs have recorded a total net inflow of $727 million, reinforcing investor expectations for a move toward $70,000. The recovery follows a period of outflows in June, which saw $4.37 billion leave these funds. A rally in chip stocks has also supported buying in the cryptocurrency market. Market participants suggest that if ETF inflows continue, Bitcoin could embark on a new rally. This is not investment advice.