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Bitcoin hits two-week high near $65,500 as chip stocks rebound and $600M flows into ETFs.

Market News
21 Jul 2026
Coindesk
View Source
Bullish
Bitcoin hits two-week high near $65,500 as chip stocks rebound and $600M flows into ETFs.

Bitcoin rose to about $65,500, its highest in two weeks, driven by a rebound in Asian semiconductor stocks and a broad risk rally. This recovery was supported by over $600 million in inflows into U.S. spot bitcoin ETFs over five days, marking strong institutional interest. Ether and other major cryptocurrencies also gained. Traders are cautious ahead of the Federal Reserve meeting later this month, which could influence the rally's direction amid ongoing macroeconomic uncertainties and potential rate hikes.

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