Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind
Bitcoin climbed to about $65,500 on Tuesday, a two-week high, as the semiconductor selloff that dragged crypto lower last week reversed and Asian chip stocks led a broad risk rally. The largest cryptocurrency rose 1% on the day and 5% on the week, with roughly $33 billion changing hands. Ether was the stronger of the two majors again at $1,922, up 3% on the day and 8% over seven sessions. XRP added 3% to $1.13 and is up 6% on the week, Solana rose 2% to $78, BNB held at $574 and dogecoin was flat. Hyperliquid's HYPE gained 4% to $63 but remains the only major underwater over the week.