Daily Crypto Roundup: Bitcoin Rises Above $64K as SpaceX Bitcoin Reserve & Tokenized Treasuries Explode

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Welcome back to the Daily Crypto Roundup. Today, crypto is not just moving higher because bitcoin bounced. The bigger story is that Wall Street and crypto are starting to crash into each other in a way we have never really seen before. Bitcoin is back above $64,000 after another round of ETF inflows, and fresh hope that tensions around Iran could cool down.
SpaceX has just brought a $1.3 billion Bitcoin reserve into the public markets.
Tokenized US treasury markets have exploded into a multi-billion dollar sector.
Crypto exchanges are starting to look more like global stock brokerages. And Zcash has just received a major security update after an AI-assisted audit found no new critical flaws following its recent orchard vulnerability scare. So today, we are covering Bitcoin's move above $64,000.
Why ETF inflows are suddenly important again? What SpaceX's Bitcoin reserve means for corporate adoption? Why tokenized treasuries could be one of the biggest real-world asset stories in crypto? And why the latest Zcash audit matters for privacy coins and blockchain security? And before we get into the market, this episode is brought to you by Kraken. Kraken is one of the most established names in crypto. And if you are looking to buy Bitcoin, Ethereum, Solana, XRP, Dogecoin, or other major crypto assets, you can check out Kraken using the link in the description.
Crypto carries risk, prices move fast, and nothing in this episode is financial advice. But if you want a serious exchange with strong security, deep liquidity, and a long track record in the industry, Kraken is one of the names worth looking at. And remember, we are also giving away 20 XRP to listeners who sign up through the Kraken link. So check the link in the description, get involved, and make sure you are following the show for future updates on the giveaway. Now let's get into the market. Bitcoin has climbed back above $64,000, and that is important because only a few days ago, the mood around crypto was completely different. Bitcoin had dropped toward the $59,000 area. Traders were talking about deeper downside, and the market was trying to work out whether this was just another correction or the start of something more serious. But now, Bitcoin has bounced more than 8% from its June low, and it is trying to break a four-week losing streak. That does not mean the danger is gone. But it does mean buyers have stepped in at a key level. One of the biggest supports came from US-spot Bitcoin ETFs, which recorded around $85.9 million in net inflows on Friday. That was the strongest daily inflow since the middle of May. And it matters because ETF demand has become one of the clearest signals for this market.
When the ETFs are bleeding money, Bitcoin struggles. When inflows return, sentiment improves very quickly.
This bounce also came as geopolitical fear appeared to ease. Pakistan's prime minister said a peace agreement around Iran is closer than ever, with finalization expected soon and technical talks planned for next week. Whether that deal fully lands or not, the market reacted to the possibility that one major source of risk could cool down. And that is exactly what crypto needed. Bitcoin has been under pressure from macro fear, ETF outflows, oil volatility and a general risk-off mood across markets. So when ETF inflows returned and geopolitical tension appeared to ease, Bitcoin had room to recover. But here is the key point. Bitcoin still needs confirmation. Getting back above $64,000 is a good sign.
But the market now needs to see whether Bitcoin can hold this range and push toward the next major resistance levels.
If Bitcoin can hold above $64,000 and build momentum toward $65,000 and beyond, the argument that the $59,000 low was a local bottom becomes much stronger. But if Bitcoin fails here, loses momentum, and drifts back toward $60,000, then the fear comes straight back. So for now, the bounce is positive. But it is not a full green light yet.
Now the second major story is SpaceX. The SpaceX IPO is not just a stock market story. It is now a Bitcoin story. According to its public filing, SpaceX holds 18,712 Bitcoin. That position was bought for around $661 million and was valued at about $1.29 billion as of March 31st. That is huge. And what makes it even more interesting is that SpaceX is not a Bitcoin company. It is not strategy. It is not a crypto treasury vehicle. It is not a business built around accumulating Bitcoin. SpaceX is a rocket, satellite and technology company that just happens to hold more than a billion dollars of Bitcoin as part of its treasury strategy.
That is the real story. For years, corporate Bitcoin adoption has been dominated by companies that made Bitcoin part of the entire business model. Strategy is the obvious example. Michael Saylor's company is basically seen by many investors as a leveraged Bitcoin proxy. It exists in the public mind as a Bitcoin accumulation machine. SpaceX is different. For SpaceX, Bitcoin is not the main event. It is a reserve asset. It is part of the balance sheet. It is big enough to matter, but small enough compared with the company's massive valuation that the entire stock does not depend on it.