Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness
Bitcoin surpassed $71,000 while Ethereum, Solana, and Cardano also rose, demonstrating resilience despite weakness in the stock market.Summary
Bitcoin (BTC) held firm near $71,000 on Friday, continuing a period of consolidation unaffected by turbulence in global equities. Ether (ETH) gained about 4.6%, and Solana (SOL) climbed over 5%. Analysts note Bitcoin’s stability despite a strengthening dollar and falling stock indices, suggesting a potential shift in sentiment. While on-chain metrics are improving, a sustained bull run may require new capital. The market is also seeing a transition in how institutions view Bitcoin, with increasing interest in Bitcoin-native financial infrastructure (Bitcoin DeFi) for lending, payments, and yield products. Traders appear comfortable with Bitcoin remaining within the $60,000–$72,000 range until a significant catalyst emerges.
(Source：CoinDesk)