Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $26,011.47 on Sep. 25, 2023. The original crypto is up by 120% year over year.

Fellow trader Daan Crypto Trades agreed on the significance of the $65,000 mark, with Cointelegraph also reporting on its status as a liquidity magnet. “The key level is $65K,” he told X followers.

Bitcoin’s price climbed on Wednesday in anticipation of an interest rate cut by the Federal Reserve, while data showing an improvement in capital flows into spot exchange-traded funds also aided sentiment.