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Bitcoin tops $65,000 as Wall Street rally lifts crypto sentiment

Bitcoin tops $65,000 as Wall Street rally lifts crypto sentiment

Bitcoin rebounded from around $64,000 to above $65,000 as a Microsoft-led U.S. equity rally improved risk appetite, even as extreme fear, liquidations and geopolitical tensions kept caution elevated.

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Fact Check
The CoinDesk source directly carries the claim's headline and shows BTC at $64,581.60, matching the described ~$63,900-$64,100 range for Bitcoin holding near $64,000. Microsoft's official Investor Relations press release confirms a Q4 FY26 revenue beat ($90.0B, +18%) and that Azure's annual revenue surpassed $100 billion for the first time, corroborated independently by Fortune. All elements of the claim are supported by authoritative primary sources.
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Summary

Bitcoin rose above $65,000 after previously holding near $64,000, recovering alongside a broader risk-on move in U.S. stocks led by Microsoft and other technology shares. The overall crypto market capitalization increased 1.04% to $2.19 trillion, while nearly $200 million in positions were liquidated over 24 hours, with short sellers taking the larger losses, according to Coinglass. U.S. equities also advanced, with the Dow up 613.92 points to 52,208.06, the S&P 500 rising 1.66% to 7,437.63, the Nasdaq Composite gaining 2.78% to 25,122.18 and the Nasdaq 100 climbing 3.4%. Despite the rebound, the Crypto Fear & Greed Index remained in Extreme Fear, and analysts said Bitcoin would need a confirmed move above $66,500 to put $74,000 in play, while Ethereum faced resistance near $1,975.

Terms & Concepts
  • open interest: Value of outstanding derivatives contracts.
  • liquidations: Forced closure of leveraged trading positions.
  • core PCE: A U.S. inflation measure excluding food and energy prices, closely watched for interest-rate signals.