Bitcoin surged past $64,000 as U.S. spot ETFs saw their largest daily inflow in over a month and Middle East tensions eased.
Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of $64,200, driven by strong ETF inflows and geopolitical developments. The cryptocurrency gained over 8% from its June low near $59,000, ending a four-week losing streak.
U.S. spot bitcoin ETFs recorded $85.9 million in net inflows on Friday, the highest since May 14. Sentiment was further bolstered by Pakistan’s prime minister announcing progress toward a peace deal with Iran, with finalization expected within 24 hours.
Bitcoin’s price rise reflects renewed investor confidence amid easing regional tensions and improved market liquidity.