Bitcoin climbed back above $65,000 on June 22 after touching lows near $63,000, supported by a sharp drop in crude oil prices.
The largest cryptocurrency traded near $65,500 at one point before easing slightly, according to live data. Crude oil fell below $80 a barrel to around $73, down more than 4% on the day, easing some inflation concerns linked to Middle East tensions.
Market participants noted that the US Dollar Index remained near 101 and the 10-year Treasury yield hovered around 4.5%, limiting broader relief. Bitcoin's 24-hour trading volume reached $23.23 billion with a market capitalization of $1.31 trillion.
US spot Bitcoin ETFs recorded another $228 million in outflows for the week, bringing the six-week total to $5.94 billion. Strategy announced the purchase of 520 additional Bitcoin and increased its cash reserves by $300 million to $1.4 billion.
