Bitcoin Nears $74K as Oil Tops $100 and Markets Price in Faster Fed Rate Cuts

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.49T, up by 3.81% over the last 24 hours.

Bitcoin (BTC) traded between $69,355 and $73,593 over the past 24 hours. As of 12:30 PM (UTC) today, BTC is trading at $73,554, up by 4.85%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PIXEL, TRUMP, and TURBO, up by 56%, 30%, and 25%, respectively.

Top stories of the day:

Economists Predict Faster Fed Rate Cuts Amid Concerns Over Fed Chair Nominee 

U.S. GDP Growth Revised Downward as Inflation Remains Stubborn 

Public Companies Increase Bitcoin Holdings by 8% in Q1 2026 

U.S. January JOLTs Job Openings Exceed Expectations 

U.S. March One-Year Inflation Rate Expectations Fall Short of Forecasts 

Saudi Arabia Reduces Oil Production by 2 Million Barrels Per Day 

U.S. Aims to Preserve Stable Relations with China Ahead of Key Meeting 

Strait of Hormuz Reopens Amid Continued Iranian Aggression 

Bitcoin Hits $73,800 One-Month High as Negative Funding Rates Signal Potential Short Squeeze

Eurozone Bond Yields Climb as Brent Crude Tops $100

Market movers:

ETH: $2103 (+3.00%)

BNB: $665.59 (+2.89%)

XRP: $1.4318 (+3.98%)

SOL: $89.16 (+4.07%)

TRX: $0.2893 (-0.24%)

DOGE: $0.09773 (+5.63%)

WLFI: $0.1056 (+5.60%)

U: $0.9997 (-0.02%)

ADA: $0.2727 (+4.68%)

WBTC: $71649.57 (+3.03%)

#BTCReclaims70k #PCEMarketWatch #AaveSwapIncident #BinanceTGEUP #TrumpSaysIranWarWillEndVerySoon $BTC $ETH $BNB