Bitcoin price climbed above $65,000 as renewed regulatory optimism strengthened sentiment across the cryptocurrency market on Tuesday. The total crypto market capitalization rose 1.56% within 24 hours, reaching $2.24 trillion overall. There was also an increase in on-chain activity and inflows into United States spot exchange-traded funds which was beneficial to Bitcoin. The recovery has put the $66,000 resistance level within reach in case the momentum is strong.