| Mobile Web

Middle East ceasefire, institutional buying, Coinbase CEO optimism lift bitcoin

Bitcoin rebounded after slipping to the low $60,000s, recovering the $66,000 level as easing Middle East geopolitical risks and steady buying by institutional investors improved market sentiment. Bitcoin Magazine reported it climbed to $65,844, a roughly two-week high, and traded around $66,500. Strategy and Strive added to holdings. Coinbase CEO Brian Armstrong said he felt current levels could be a bottom, while noting uncertainty.