First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data

Bitcoin regained momentum, reaching over $66,000 after a brief dip below $65,000, driven by positive inflows into spot bitcoin ETFs and significant institutional investments, such as Morgan Stanley's $269.9 million stake in Grayscale's GBTC. The wider digital asset market also saw gains, with the CoinDesk 20 Index rising by 1.4%.

Ether, despite underperforming relative to other major digital assets, received optimistic forecasts from Coinbase, citing potential growth due to staking and layer 2 developments. Meanwhile, the Fantom blockchain's FTM token outperformed other non-meme tokens, appreciating by 13% in a week, buoyed by its latest upgrade, Sonic, which significantly enhances transaction speeds and efficiency.