Bitcoin Surges Past $65,000 Amid Inflation Fears, SBF Pardon Ban Gains Momentum

BTC/USDT rate on the Binance exchange showed a positive week for Bitcoin. The asset's price climbed above $65,000 after US inflation data was released, and stayed near this level through the end of the week. At the time of writing its price is around $64,527.

Strategy unveiled the Bitcoin Bank Adoption Index, which reflects the level of bitcoin adoption among banks and major financial counterparties. The index considers whether institutions offer access to cryptoasset trading and derivatives, in-house development efforts, and management's overall stance toward the crypto market.

The US government transferred $288 million in cryptoassets to Coinbase Prime, including 3,800 BTC and more than 30,000 ETH seized in various criminal cases. Alex Thorn believes the large-scale redistribution of coins is almost complete, with 2026 having every chance of ending with a volume of activated old bitcoins less than half of the 2025 figure.

Analyst PlanB said he does not consider bitcoin's October peak at $126,000 to be the top of the current market cycle. Based on the Stock-to-Flow model, he allows for the asset to climb to $500,000 in 2026-2028, with a possible range from $250,000 to $1 million.