| Mobile Web

Bitcoin stalls near $64,000 as U.S. stocks, gold rise; what may drive a rebound

Bitcoin is struggling to set a clear direction near $64,000 even as U.S. stocks and gold climb. Gold rose 2.8 percent to $4,213 an ounce, its highest since June 22, helped by demand from China and 14 straight sessions of inflows into Chinese spot gold ETFs. The S&P 500 rose as well. Analysts say bitcoin needs sustained spot ETF inflows, stable U.S. Treasury yields and no further Fed rate hikes, along with a positive Coinbase premium.