Bitcoin touches $65,000 mark on Powell pivot, streak of ETF flows

Bitcoin touched $65,000 for the first time in about three weeks, aided by reviving demand for dedicated US exchange-traded funds amid signs that the Federal Reserve is set to loosen monetary policy.

The largest digital asset rose as much as 1.2 per cent to $65,030 on Monday before dipping back to $63,780 as of 9:19 a.m. in New York. The cryptocurrency advanced 7.4 per cent last week, the sharpest increase for such a period since mid-July.