Bitcoin Price Surges Past $65,000 as ETF Inflows Hit Record Levels

Bitcoin's price has risen above $65,000 after six consecutive days of inflows into spot Bitcoin ETFs. The funds have added over $928 million in assets in the past six days, with a possible net inflow of over $1 billion this month.

The Crypto Fear and Greed Index has jumped from an extreme fear level to neutral, historically aligning with price rebounds. This gauge examines metrics such as top ten coin price momentum, volatility indices, put/call ratios, and social media activity.

Bitcoin's price chart shows it hovering near its highest level since June 16, forming an ascending channel. It has moved above the 50-period Exponential Moving Average and formed an inverted head-and-shoulders-like pattern, indicating potential for further gains.