Bitcoin has surged to $65,000, reaching a significant milestone in its price recovery.
The surge is attributed to continued accumulation by whales and sharks who have purchased $4.08 billion in Bitcoin over the past six months, preventing sustained declines in price.
The United States is reclaiming dominance in Bitcoin holdings, driven by increased demand for Bitcoin spot exchange-traded funds (ETFs).
Bitcoin spot ETFs recorded a net inflow of $106 million on September 25, with BlackRock's IBIT ETF attracting $184 million.