BTCUSD Surges Past $64k Amid US Strategic Bitcoin Reserve Plan
Bitcoin price (BTCUSD) has just surpassed $64k, driven by improved sentiment following a 10-day streak of outflows from exchange-traded funds (ETFs) tracking the asset. This top digital asset price increase. . .
Bitcoin price (BTCUSD) has just surpassed $64k, driven by improved sentiment following a 10-day streak of outflows from exchange-traded funds (ETFs) tracking the asset. This top digital asset price increase was further supported by the US proposal for a Strategic Bitcoin Reserve, highlighting Bitcoin’s role as a national security asset. Taking positions at low prices, crypto whales have been consistently accumulating BTC, contributing to bullish sentiment in the options market and strengthening on-chain data and ETF fund flows. Geopolitical balance and easing global inflationary pressures, which reduce fears of aggressive hawkishness in the US, have raised buying optimism among both retail and corporate investors. However, despite a positive macroeconomic environment and ongoing institutional engagement, Bitcoin spot ETFs have experienced a net outflow of approximately $2. 73 billion this year. The White House confirmed plans for a Strategic Bitcoin Reserve, with a formal announcement expected soon, translating the executive order signed in March 2025 into actionable steps. Early in July, US spot Bitcoin ETFs saw about $221. 7 million in net inflows, marking a positive shift after a challenging June that saw outflows of nearly $4. 5 billion and a 20% drop in the BTC price. Despite this inflow, total BTC ETF assets remain in the mid-$70 billion range, down from over $100 billion in early May. Institutions remain cautious regarding BTC, with some preferences shifting towards select altcoin narratives. Bitcoin’s rise has positively impacted the broader crypto market, supporting gains in Ethereum, Binance Coin, and XRP, while the total cryptocurrency market capitalisation has held at $2. 2 trillion. Bitcoin Price Rises to $63. 8k, Strategy Inc. Sells 3,588 BTCJulius AlagbeJulius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting. He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa. Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions. He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape. His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses. Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa. Julius Alagbe is based in Lagos, Nigeria.