Bitcoin climbs to $65,500, two-week high on ETF inflows

Bitcoin surged to its highest level in two weeks on Tuesday, July 21, 2026, climbing to approximately $65,500 as a rebound in Asian technology stocks and renewed institutional investment fueled a broad cryptocurrency market rally. The leading digital asset posted daily gains of about 1% and weekly gains of 5%, with trading volume exceeding $33 billion. The advance was mirrored across major altcoins, with Ethereum rising 3% to near $1,922 and XRP adding 3% to $1.13.

The recovery was closely tied to a sharp reversal in Asian equity markets, particularly semiconductor stocks, which had driven a selloff the previous week. South Korea's Kospi and Taiwan's Taiex indices each jumped approximately 4%, while Japan's Nikkei gained 3%. Analysts noted that Bitcoin's price action followed the same risk appetite that influenced its decline, with buyers returning to major chipmakers like Samsung Electronics and Taiwan Semiconductor.

A significant pillar of support came from U.S. spot Bitcoin exchange-traded funds (ETFs), which recorded net inflows for a fifth consecutive session. Monday, July 20, saw inflows of $227 million, bringing the five-day total to over $600 million. This streak marks...