Bitcoin Surges Towards $66,000 as US Equities Regain Ground

Bitcoin's price has surged towards $66,000 as US equities regained ground, signaling renewed risk appetite.

The move is driven by increased liquidity, regulated access to crypto exposure through ETFs, and a return of domestic buyers. This is evident in the recent net inflows of around $258 million into spot BTC exchange-traded funds, which indicate that investors are seeking transparent access to Bitcoin's upside potential.

Market observers expect BTC's trajectory to be influenced by market-wide liquidity dynamics rather than isolated crypto-specific catalysts. The current dynamic has led to a significant decoupling between stocks and gold markets, with the daily correlation between BTC and the S&P 500 slipping towards its weakest levels since the FTX era.