**Bitcoin Bounces Back to $65K Amid Tech Stock Rally and Institutional Interest**

Bitcoin's price dipped to $62,705 on Sept. 26 after facing resistance at $64,000 for the third time in four days. However, as the US stock market opened, the S&P 500 hit a new all-time high, helping Bitcoin regain over 3% and climb back to $65,000.

Key Points:

- Tech stocks have been driving global market gains, with companies like Tesla and Apple seeing over 30% gains in six months.

- Analysts suggest Bitcoin's path to $70,000 is supported by macroeconomic trends, such as low US interest rates and renewed institutional interest.

- Recent data shows Bitcoin's price often rises with increased global monetary supply, making it a potential hedge against inflation.

- A significant $242 million inflow into Bitcoin ETFs indicates growing institutional demand, boosting investor confidence.

Bitcoin's resurgence is fueled by favorable economic conditions and rising interest from long-term investors, setting the stage for a potential rally toward $70,000.