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Bitcoin’s price has surpassed $65,000 after the cryptocurrency dropped below $57,000 last week. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="">BTC</a>) reached $65,500 at the moment, but according to CoinMarketCap data, it had fallen again to $63,500 at the time of writing. 
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 <img loading="lazy" decoding="async" width="1024" height="535" src="https://crypto.news/app/uploads/2024/05/Screenshot-2024-05-06-at-16.33.24-1024x535.png" alt="Bitcoin jumps above $65k amid Fed report, ETF inflows - 12"> 
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The coin’s asset dominance regained some positions alongside a BTC price jump. The indicator reflects the share of Bitcoin’s market capitalization in the total market capitalization of all cryptocurrencies, reaching 54.8%. 
In addition, the Fear and Greed Index has risen two basis points over the past 24 hours. 
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 <img loading="lazy" decoding="async" width="1024" height="461" src="https://crypto.news/app/uploads/2024/05/Screenshot-2024-05-06-at-16.36.07-1024x461.png" alt="Bitcoin jumps above $65k amid Fed report, ETF inflows - 13"> 
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 You might also like: <a href="https://crypto.news/grayscale-bitcoin-etf-record-first-inflow-after-losses/" rel=""> Grayscale Bitcoin ETF records first inflow after losses </a> 
The last issue of the U.S. labor market report consolidated&nbsp;Bitcoin above $60,000 on May 3. The rise <a href="https://crypto.news/bitcoin-climbs-above-60k-after-us-labor-market-report/" target="_blank" rel="">happened</a> shortly after the publication of the U.S. jobs report, which shifted expectations of the Federal&nbsp;Reserve’s&nbsp;key rate cut from November to September. 
Additionally, investors have steadily withdrawn funds from Bitcoin spot ETFs since&nbsp;last month. From April 24 to May 2,&nbsp;$1.2 billion <a href="https://crypto.news/spot-bitcoin-etfs-reach-record-563m-outflows/" rel="">flowed out</a>. However, on the last trading day, the negative trend finally stopped. On May 3, spot Bitcoin ETFs saw a $378 million inflow. 
Since January of this year, total inflows into BTC ETFs have exceeded $11.5 billion. 
Moreover, on April 30, spot ETFs for Bitcoin and Ethereum (<a href="https://crypto.news/price/Ethereum/" rel="">ETH</a>) were <a href="https://crypto.news/hong-kong-crypto-etfs-to-open-new-door-for-mainland-chinese-investors/" rel="">traded</a> in Hong Kong. Even though the ETFs are very far from their American counterparts in terms of trading volume, the appearance of such an instrument in the Asian market is a positive factor contributing to the wider acceptance of cryptocurrencies. 
 You might also like: <a href="https://crypto.news/battle-for-ethereum-etfs-turns-messy-in-the-us-whats-next/" rel=""> Battle for Ethereum ETFs turns messy in the US — what’s next? </a>

Bitcoin jumps above $65k amid Fed report, ETF inflows

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