US Bitcoin price rises above $64k amid strategic reserve plan and ETF inflows

Bitcoin surged past $64,000, helped by a 10‑day streak of outflows from US spot Bitcoin ETFs ending with a net inflow of $221.7 million. The price jump coincided with the White House’s plan to create a Strategic Bitcoin Reserve, positioning the cryptocurrency as a national‑security asset. Institutional investors, described as “whales,” have been accumulating BTC at lower levels, reinforcing bullish sentiment in the options market.

The inflow reversal follows weeks of outflows that had reduced total ETF assets from over $100 billion to the mid‑$70 billion range. Concurrent US economic data – weaker‑than‑expected June non‑farm payrolls and a dip in the unemployment rate – eased expectations of near‑term Federal Reserve rate hikes, weakening the dollar and supporting risk‑on assets such as Bitcoin. Analysts note that maintaining support above the $63,500 level keeps a move toward $65,700 in focus, while a break could see a retest of the $61,000 zone.