Bitcoin once again occupies global attention as it continues to climb a $ 65,000 brand, with its climb in June and the rapid spirit of the crypto market. Over the past week, BTC has had a strong improvement, increased by more than 10%, where both daily trade volume and institutional interest are remarkable. But what does this last rally really drive?
The most immediate catalyst federal renewed optimism around the interest rate for the reserve. Last week’s US KPI data was less than the expectation, indicating inflation is cooling. This caused widespread speculation that the Fed may begin to cut interest rates in the coming months or even be. Low interest rates weaken the dollar and push investors against alternative assets such as Bitcoin, often seen as a fuse against Fiat currency.
Another key driver in the back of Bitcoin’s upward thrust is the continuing momentum from spot Bitcoin ETFs. Since their approval in advance this 12 months, these ETFs have attracted billions in institutional capital. But what’s greater significant is the consistent inflow trend — establishments are not simply buying; they are retaining. This lengthy-term interest provides sturdy buying stress and lowers to be had supply in the open marketplace. When demand rises and supply shrinks, costs tend to go up — and that’s precisely what’s occurring now.
At the equal time, on-chain records confirms this bullish narrative. There has been a major boom in wallet addresses preserving over 100 BTC, which suggests whale accumulation. Meanwhile, retail traders are slowly returning to the marketplace as worry stages lower and confidence starts offevolved to rebuild.
From a technical point of view, Bitcoin has broken above key resistance at $62,000, turning it into new support. The next important resistance lies near $66,000–$67,500, and if bulls control to clear that level, BTC might be on its manner to retest its all-time high of $69,000. Indicators just like the RSI are nevertheless below overbought tiers, giving similarly room for upward motion before any essential correction.
However, traders should be careful. The macroeconomic environment, although temporarily favorable, is still uncertain. Any fantastic step with fed or unpredictable global risk can lead to severe instability in crypto. In addition, pulses in a short time are quickly common in cycles, so it is important to handle entries and finish.
Finally, the current growth of bitcoin is not just a random pump – it is a combination of macroeconomic headwinds, institutional support and favorable technical structure. If this speed continues, we can see BTC push the new heights in 3rd quarter 2025.