Bitcoin Climbs to Two-Week High as Chip Stocks Rebound

Bitcoin reached roughly $65,800 on Tuesday, its highest level in two weeks, as a rebound in Asian semiconductor shares helped lift risk appetite across crypto markets.

Broad Market Gains

Bitcoin rose 1.3% on the day and 5.2% over the week, with around $33 billion in trading volume. Ether outperformed with a 3.2% daily gain and an 8.3% rise over seven sessions, trading near $1,931. XRP climbed 3% to $1.13, Solana added 3% to reach $79, while Hyperliquid’s HYPE token rose 4.2% to $64 but remained the only major token still down for the week.

Chip Stocks Lead the Turnaround

The rally traces back to Asia, where MSCI’s Asia Pacific equities index rose 2%, its first gain in four sessions. Samsung and Taiwan Semiconductor led the advance, while South Korean benchmarks climbed about 4%. Japan’s Nikkei rose 3.1% after briefly entering correction territory on Friday.

ETF Inflows and Oil Prices Add Support

US spot bitcoin ETFs have now recorded inflows for five consecutive sessions, totaling more than $600 million, reversing an eight week outflow streak that ran through late June.

Markets currently price roughly 15% odds of a July rate hike, while a September move remains possible. Trading volume across crypto markets has stayed relatively light even as prices rise, suggesting the move reflects returning risk appetite rather than strong new conviction.