Bitcoin Surges Past $64,000 as Investor Sentiment Improves

Bitcoin's price has surged past $64,000 as investor sentiment improved following Pakistani Prime Minister Shahbaz Sharif's statement that a peace agreement between Washington and Tehran is closer than ever.

The cryptocurrency rebounded by more than 8% from its June low of around $59,000 after briefly dipping below the $60,000 level earlier this month.

Investor flows into spot Bitcoin ETFs in the U.S. also showed signs of stabilizing with a net inflow of $85.9 million on Friday, marking the strongest daily figure since mid-May.