Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind

Bitcoin reached a two-week high near $65,500 as Asian semiconductor stocks rebounded, fueled by a five-day ETF inflow streak totaling over $600 million. The cryptocurrency's rally is supported by institutional buying, with traders eyeing the Federal Reserve's late-July meeting as a key test. Bitcoin rose 1% on the day and 5% on the week.