Bitcoin Hits 5-Week High as U.S. Stock Futures Rise — Market Talk

Bitcoin rallies to a five-week high as U.S. stock futures rise, with the tech-heavy Nasdaq leading gains ahead of earnings from major tech companies. Bitcoin is also supported by renewed institutional demand, with spot bitcoin exchange-traded funds recording two consecutive weeks of net inflows, Trade Nation's David Morrison says in a note. Bitcoin rises to a high of $66,602, LSEG data show. The next big upside target is $70,000, while chart support stands at $65,000, Morrison says. ([email protected])