Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of over $64,200. The largest cryptocurrency by market cap is up more than 1% in the past 24 hours and is now up more than 8% from its June low just above $59,000.
Sentiment was also supported by further positive developments on the geopolitical front in the Middle East.
The Pakistani Prime Minister said on
Meanwhile, Friday saw the largest daily inflow into US spot Bitcoin ETFs since May, with net inflows totaling $85.9 million. The last time influxes exceeded this level was on May 14.
On Friday, a Standard Chartered analyst said ETF holders had liquidated their positions anecdotally to free up cash to participate in SpaceX’s IPO. After SpaceX’s IPO launch on Friday, this could finally ease that selling pressure, the analyst added.
