A rebound in risk appetite across global markets has helped push bitcoin to a two-week high near $65,500. Asian semiconductor shares rallied sharply, reflecting renewed confidence in the technology trade that has increasingly moved in tandem with crypto assets. Adding to the momentum, spot bitcoin exchange-traded funds recorded a five-day inflow streak that surpassed $600 million, signaling steady institutional demand. Meanwhile, oil prices retreated amid diplomatic efforts in the Middle East, easing concerns about inflationary pressure and broader market instability. The combination of stronger tech sentiment, sustained ETF buying, and calmer commodity markets provided a supportive backdrop for bitcoin's advance. The move marks a recovery for the cryptocurrency after recent weakness, with the return of the chip trade acting as a notable tailwind for the wider digital asset market.
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