Bitcoin climbed to its highest level in two weeks on Monday, trading near $65,500 as a rebound in semiconductor stocks and steady inflows into exchange-traded funds combined to lift risk sentiment across markets.
## Chip Rally Fuels Risk Appetite The recovery in Asian semiconductor shares marked a notable shift in tone for investors, who had grown cautious in recent sessions amid concerns over the technology sector. As chipmakers bounced back sharply, the renewed enthusiasm spilled over into digital assets, with bitcoin often moving in step with broader risk-on trades tied to tech.
The correlation between crypto and high-growth technology stocks has strengthened over the past year, and Monday's action reinforced that pattern. Traders viewed the chip rebound as a signal that appetite for riskier assets was returning after a period of hesitation.
When the chips fly, bitcoin tends to follow — and Monday proved the point.
## ETF Inflows and Easing Oil Prices Momentum was further supported by a five-day streak of inflows into spot bitcoin ETFs, which collectively pulled in more than $600 million over the period. The steady demand underscores continued institutional interest in the asset even during choppier trading stretches, providing a floor of support for prices.
Meanwhile, oil prices pulled back as diplomatic developments in the Middle East eased fears of supply disruptions. Lower energy costs can reduce inflationary pressure, a dynamic that markets often interpret as favorable for risk assets like cryptocurrencies.
Key factors driving Monday's move included:
- A strong rebound in Asian semiconductor shares
- More than $600 million in spot bitcoin ETF inflows over five days
- Softer oil prices amid Middle East diplomacy
The combination of these tailwinds helped bitcoin reclaim ground it had ceded in prior weeks, pushing the largest cryptocurrency to a level it had not touched in a fortnight. Whether the rally can hold will likely depend on the durability of the tech recovery and continued ETF demand in the days ahead.