On Friday, Bitcoin #BTC saw a sharp surge, pushing its price toward the $74,000 level during morning trading in the United States.
The momentum started Thursday evening after U.S. Treasury Secretary Scott Bessent stated that the Trump #TRUMP administration is taking steps to ease pressure on oil prices. The statement boosted market sentiment and helped fuel Bitcoin’s upward move.
$ETH Meanwhile, funding positioning among perpetual futures traders has remained negative for the longest period since the bottom of the 2022 bear market . Historically, such conditions can sometimes signal the potential for a strong upside move $BTC .
📊 The big question now:
Will Bitcoin break above $74K and start a new rally?