Bitcoin Surges Past $64k Amid US Strategic Bitcoin Reserve Plan

The price of Bitcoin (BTC) has surpassed $64k for the first time in recent history, driven by improved sentiment following a 10-day streak of outflows from exchange-traded funds (ETFs) tracking the asset.

This top digital asset price increase was further supported by the US proposal for a Strategic Bitcoin Reserve, highlighting Bitcoin’s role as a national security asset.

Crypto whales have been consistently accumulating BTC at low prices, contributing to bullish sentiment in the options market and strengthening on-chain data and ETF fund flows.

Geopolitical balance and easing global inflationary pressures have raised buying optimism among both retail and corporate investors. However, despite a positive macroeconomic environment and ongoing institutional engagement, Bitcoin spot ETFs have experienced a net outflow of approximately $2.73 billion this year.