Bitcoin Reclaims $65K as Wall Street Starts Buying Again

Bitcoin is back above $65K, ETF demand just posted its strongest week since April, altcoins are showing signs of life, and the macro backdrop is turning more supportive.

Meanwhile, Washington has pushed the CLARITY Act fight into September.

Here’s everything that mattered in crypto this week 👇

Bitcoin started the week around $63,500 before grinding higher and reclaiming $65,000, finishing roughly 2–3% higher.

It wasn’t an explosive breakout, but the underlying picture improved.

The bigger story was institutional demand.

US spot Bitcoin ETFs recorded approximately $854M in net inflows during the week — their strongest showing since April — with BlackRock’s IBIT accounting for roughly $694M.

After months of inconsistent flows, Wall Street appears to be stepping back in.

The key level now is $65K.

If BTC can turn this area into support and ETF demand continues, the market has a much stronger foundation for another move higher.

Ethereum also finished the week higher, climbing from roughly $1,855 to $1,886.

BTC slightly outperformed ETH, but underneath the price action there’s an interesting trend developing.

US spot Ethereum ETFs recorded another $244.9M in weekly net inflows, marking their fifth consecutive positive week.

That’s becoming difficult to ignore.

Institutional demand is steadily building even while ETH remains relatively quiet.

The next signal we’re watching is ETH/BTC.

A sustained move higher would suggest capital is finally rotating from Bitcoin into Ethereum — historically an important development for the wider altcoin market.

Altcoins finally showed some life this week.

While Bitcoin gained around 2–3%, pockets of the market comfortably outperformed BTC, with Cardano gaining roughly 19% across the week.

That’s encouraging.

But we’re not calling altseason yet.

The important metric isn’t whether altcoins rise in dollar terms.

It’s whether they outperform Bitcoin.

If ALT/BTC pairs continue strengthening while Bitcoin remains stable, it would suggest investors are moving further out on the risk curve.

That’s when the market could get interesting.

The biggest regulatory catalyst in crypto will have to wait.

The US Senate headed into its summer recess without completing a full vote on the CLARITY Act, pushing the battle into September.

The legislation could finally establish a clearer regulatory framework for US crypto markets and define responsibilities between regulators.

The delay isn’t ideal.

But September is now shaping up to be a major month for US crypto regulation.

US spot Bitcoin ETFs recorded approximately:

$854 MILLION IN WEEKLY INFLOWS.

It was their strongest week since April.

BlackRock dominated the buying, with IBIT pulling in around $694M.

One week doesn’t make a trend.

But after an extended period of weak institutional demand, this is exactly the reversal Bitcoin bulls wanted to see.

If these flows continue, the supply-demand picture starts becoming much more interesting.

Hong Kong continued its institutional blockchain push with a new Tokenized Securities Framework involving Chainlink and other industry participants.

The framework aims to create infrastructure for issuing, distributing and settling regulated tokenized securities.

This fits into one of the biggest structural trends in crypto:

Real-world assets moving on-chain.

Stocks.

Bonds.

Funds.

Real estate.

Private credit.

The tokenization story is only getting started.

Macro provided crypto with a tailwind this week.

US labour-market data came in significantly weaker than expected, pushing Treasury yields and the dollar lower while reducing expectations for further Federal Reserve tightening.

That’s exactly the combination risk assets want:

Lower yields.
Weaker dollar.
Easier financial conditions.

Crypto responded accordingly.

Oil also weakened as geopolitical tensions eased, helping reduce some inflation concerns.

For now, the macro backdrop looks more supportive.

But inflation remains the key risk.

Any renewed inflation pressure that sends yields and the dollar sharply higher could quickly tighten liquidity again.

For now:

Bitcoin leads. Institutions are buying. Alts are waking up.

Let’s see if the market can build on it.

Until next week,

Crypto Crib 🏠