Bitcoin Slips to $65.5K as Ethereum Outperforms on Altcoin Rotation

Bitcoin has eased to $65,545 after reclaiming $66,000 mid-month, while Ethereum advances and altcoin performance diverges. The market bottomed near $62,000 in early June amid extreme fear, heavy liquidations, and geopolitical tensions before a relief rally driven by soft core CPI data and $2.5 billion in options expiries. Institutional flows have turned selective, with advisors favoring stablecoins and tokenization over Bitcoin, and capital rotating into higher-beta names. Volumes have cooled and Bitcoin dominance has slipped modestly, signaling consolidation rather than a broad breakout as the period closes.