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First Mover Americas: Bitcoin Nears $65,000 Amid Strong Crypto Rebound

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

BTC surged to $65,400 during Asia trading hours Monday, its highest price in almost two weeks, and now is up almost 15% from last week's corrective bottom.

The Grayscale Bitcoin Trust , the largest bitcoin ETF by assets, saw a $63 million of fresh funds from investors on Friday, ending an almost 4-month streak of daily outflows since its conversion to a spot ETF structure in January, data compiled by. U.S.-listed spot ETFs also had their best day in more than a week, attracting $368 million of inflows, showcasing a positive sentiment turnaround with bitcoin's rebound.

Controversy arose over the weekend after a hacker group leaked a database of alleged usernames and passwords of over 22,000 Bitfinex exchange users. However, Ardoinothe claims and pointed out discrepancies, saying that the company does not store 2-factor authentication data as"clear texts" and the information was likely recycled from previous data thefts unrelated to Bitfinex.

 

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