The virtual asset market is on the rise, with Bitcoin recovering the $65,000 range. Analysts said increased inflows into U.S. spot Bitcoin exchange-traded funds (ETF) have had an impact.
As of 8:30 a.m. on the 27th, Bitcoin was trading at $65,298, up 1.47% from 24 hours earlier, according to global virtual asset tracking site CoinMarketCap.
During the same period, Ethereum rose 4.20% to $1,951, and XRP (Ripple) was trading at $1.11, up 1.17%. Solana climbed 2.91% to $76.57.
Analysts said the current rally has been driven by seven straight trading days of net inflows into U.S. spot Bitcoin ETFs. On the 21st, net inflows reached $203.2 million in a single day.
Some also view easing fears of an expanded conflict in the Middle East as a driver of virtual asset gains. The previous day, reports said U.S. President Donald Trump had put on hold a large-scale airstrike plan against Iran, citing reasons including a shortage of U.S. military air defense missiles.