Bitcoin tops $72,000 as crypto rallies despite stronger dollar: Crypto Markets Today
Bitcoin surged past $72,000, outpacing U.S. stocks, even as the U.S. Dollar Index strengthened above 100.Summary
Bitcoin rose 2% to break through $72,000 during European hours on Friday, outperforming gains in U.S. equity futures like the Nasdaq 100 and S&P 500, despite the U.S. Dollar Index (DXY) climbing above 100, a move that usually pressures risk assets. The broader crypto market showed strength, with altcoins like TRUMP surging over 30% and AI tokens TAO and FET gaining around 14%. Analysts suggest that a high-volume break above $74,000 could propel Bitcoin toward $80,000; otherwise, it may revert to its trading range established since February 5th. Derivatives data shows increased capital inflows, with cumulative industry-wide futures open interest rising 5% to $107.6 billion, indicating a bullish investor bias despite ongoing geopolitical turmoil involving Iran.
(Source：CoinDesk)