Bitcoin reached a two-week high near $65,500 on Tuesday as chip stocks rebounded and United States spot Bitcoin ETFs drew fresh demand. The cryptocurrency rose about 1% during the session and 5% over seven days. Trading volume approached $33 billion as broader risk appetite improved.
Asian markets supplied the strongest support. The MSCI Asia-Pacific gauge gained about 2% and ended a three-session losing streak. Semiconductor shares led the rebound after heavy selling across technology markets.
South Korea’s Kospi rose more than 3%, while Samsung Electronics and SK Hynix advanced. Taiwan’s Taiex gained over 4% as Taiwan Semiconductor Manufacturing Company recovered. Japan’s Nikkei 225 also climbed more than 3%.
Chip-related companies, including Kioxia, Advantest, and SoftBank, ranked among the strongest performers. The rebound followed concerns about high valuations in artificial intelligence and weaker momentum across global technology stocks.
Crypto.news data showed Bitcoin near $65,245 at the time of writing. The asset gained 1.23% over 24 hours and 5.02% over seven days. Daily trading volume stood near $32.18 billion. Other major cryptocurrencies also advanced. Ethereum traded near $1,901, while XRP stood around $1.11. Solana changed hands near $77.73, BNB traded around $571, and Hyperliquid reached about $62.49.
Dogecoin traded near $0.073 as the broader market recovered. Asian benchmarks also extended gains, with South Korea’s Kospi up 4.7%, Japan’s Nikkei up 2.8% and Taiwan’s Taiex up 3.6%.
Bitcoin’s rebound followed the same market segment that drove the previous decline. Semiconductor and artificial intelligence shares had fallen as investors questioned valuations and watched new competition from China’s AI industry.
The technology selloff pushed Bitcoin below $64,000 as pressure spread across global risk assets. Buyers returned on Tuesday, lifting leading chip stocks and improving demand for cryptocurrencies. Bitcoin then reached its highest level in approximately two weeks. The move extended a recovery from the June low area near $58,000 to $60,000.
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Oil prices also supported risk markets. Brent crude fell about 1% toward $88 after reports described a proposed 10-day ceasefire between the United States and Iran. Fighting remained active, and no agreement had been confirmed. However, lower oil prices eased some of the pressure that had weighed on markets over the previous two sessions.
United States spot Bitcoin ETFs recorded $226.9 million in net inflows on Monday, according to SoSoValue. The result extended the positive streak to five sessions and lifted total inflows to about $727.3 million.
Can renewed ETF demand strengthen Bitcoin’s recovery after months of heavy withdrawals? More than $4 billion was left in the funds during June. A 13-session outflow streak also removed about $4.37 billion between May and early June.
Large Bitcoin wallets accumulated about 270,000 BTC during the ETF withdrawal period. The holdings carried an estimated value of $16.7 billion. Renewed ETF buying now adds another source of demand as Bitcoin trades near its two-week high. The inflows followed weeks of redemptions that placed pressure on the market earlier in the summer.
Bitcoin’s rise near $65,500 followed stronger chip stocks, lower oil prices and renewed spot Bitcoin ETF inflows. Large wallet accumulation also supported demand after months of withdrawals. Investors should now watch ETF activity and broader risk markets for signs that the recovery can continue.