Bitcoin zips higher to nearly $64,000 as chip rally and yen strength drive gains
Bitcoin is up 4.2% over seven days that contained an oil shock, a bond selloff and two rounds of U.S. strikes on Iran.
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Summary
- Bitcoin rebounded 3.5 percent to nearly $64,000, erasing losses tied to President Trump’s warnings on Iran and ending the week up 4.2 percent.
- Major cryptocurrencies mostly advanced alongside bitcoin, with ether and dogecoin higher on the day while solana remained the only large token still down for the week.
- Analysts say leverage-driven liquidations, a weaker dollar and a powerful rally in Asian semiconductor and AI-related stocks, rather than crypto-specific news, are driving bitcoin’s gains.
