Bitcoin price news: BTC tops $74K, ether, solana, cardano move as much as 7%
Bitcoin surpassed $74,000 while ether, solana, and cardano saw gains up to 6% amid easing oil prices and potential de-escalation in geopolitical tensions.Summary
Bitcoin broke through the $74,000 resistance level, rising 2.9% in the last 24 hours and 9.7% for the week. Ether experienced a significant surge, increasing 7.7% in 24 hours and 14.3% weekly, reaching $2,261 – its strongest weekly performance in months. Solana, Dogecoin, BNB, and XRP also posted substantial gains. This rally was fueled by a shift in tone regarding geopolitical tensions, including statements from Trump about U.S. talks with Iran and a softening stance from Iran regarding the Strait of Hormuz, allowing tankers to pass through for the first time since the war began. Easing oil prices and a weaker dollar further contributed to the positive market sentiment. The strong weekly gains across altcoins suggest a return of risk appetite, with capital rotating into assets beyond Bitcoin. The upcoming Federal Reserve meeting will be crucial in determining whether market hopes for rate cuts will be sustained.
(Source：CoinDesk)