According to ChainCatcher, Bitcoin has returned above the $65,000 threshold and is currently quoted at $65,568. The move comes as this week’s Federal Reserve policy meeting approaches, while risk appetite in the market has warmed. Bitcoin and risk assets such as U.S. technology stocks have rebounded in tandem.
Risk Assets Rebound Ahead of the Fed Meeting
The report said that behind the latest rise, capital returning to risk assets was not the only factor. Expectations of lower oil prices following an easing of tensions in the Middle East were also described as one of the important drivers. Lower pressure from energy prices is expected by the market to help ease inflation concerns, thereby reducing the likelihood that the Federal Reserve will send further hawkish signals.
At present, the market generally expects the Federal Reserve to keep interest rates unchanged. However, investors are paying closer attention to the remarks on the future policy path from new chair Kevin Warsh, who will preside over the meeting for the first time. His comments are being watched as a key part of how the market interprets the policy direction.
Bitcoin’s Link With Traditional Markets Strengthens
If the Federal Reserve delivers a more moderate message, risk appetite may rise further. Conversely, if the central bank emphasizes sticky inflation and the need to keep high interest rates in place for longer, Bitcoin and other risk assets may face a degree of pressure. The simultaneous rebound in Bitcoin and U.S. technology stocks also reflects the strengthening connection between digital assets and traditional financial markets.
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