Bitcoin outperforms stocks, surpassing the 72,000 dollar mark, even amid a strengthening dollar.
US stock futures fell, and the dollar strengthened as altcoins and artificial intelligence tokens joined the broader crypto rally.
Since midnight UTC, the price of BTC has increased by 2%, exceeding the mark of 72,000 US dollars and outpacing Nasdaq 100 and S&P 500 futures, even though the dollar index (DXY) has risen above 100.
A breakout with high volume above $74,000 could trigger a move to $80,000, while a pullback is likely to keep BTC within the range observed since February 5.
TRUMP stocks surged over 30% after the ceremonial announcement for top holders, while AI tokens TAO and FET jumped around 14% amidst a broader market rally.
Bitcoin in the US spiked to $72,000 during European hours on Friday, rising 2% from midnight UTC and outpacing the gains of American stock indices.
Futures for the Nasdaq 100 and S&P 500 dipped during trading in Asia before rebounding. Both indices are currently in the green zone. Meanwhile, the US Dollar Index (DXY) exceeded 100, which typically puts pressure on risk assets like cryptocurrencies and stocks.
If Bitcoin can break the $74,000 mark, a level it recently failed to surpass on convincing volume, it could trigger a breakout back to the $80,000 area. Otherwise, itโs likely to revert to the trading range dating back to February 5.
The war in Iran continued to rage on Friday morning, with new strikes reported in Tehran and Dubai, affecting oil prices which are holding around $100 per barrel.
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