Bitcoin Surges Past $64K Amid India's Crypto Crackdown

India's Enforcement Directorate (ED) conducted raids on Bengaluru-based companies in connection with a $260 million cryptocurrency probe.

The ED action is part of an ongoing investigation into alleged money laundering and tax evasion linked to cryptocurrency transactions.

Meanwhile, Bitcoin briefly broke above the $64,000 mark during Tuesday's trading session, according to data from Bitcoin World market monitoring. The leading cryptocurrency reached a high of $64,129.78 on the Binance USDT pair before retreating slightly.

The move above $64,000 comes after a period of consolidation in the low $60,000 range and signals continued buyer interest near these levels. Analysts are watching for a sustained close above $64,500 to confirm further upside momentum.