72124.000
Today
+4.57%
5 Days
+13.53%
1 Month
+11.88%
6 Months
+7.96%
Year to Date
-17.72%
1 Year
-36.39%
Opening Price
69592.380Previous Closing Price
69018.060Cryptocurrency prices are extending gains on Thursday, led by Bitcoin’s (BTC) climb above $70,000. Ethereum (ETH) remains bullish, trading above $2,200, while Ripple (XRP) has recovered above $1.15 as bulls tighten their grip.
Bitcoin (BTC) extends its gains, inching toward $72,000 at the time of writing on Thursday, as crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations.
• Favorable macroeconomic shifts and institutional capital deployment boosted Bitcoin prices. • Positive spot ETF inflows and whale accumulation revived institutional demand. • Technical indicators show a MACD buy signal and overbought conditions.
The broader cryptocurrency market is regaining strength, pointing toward a renewed bull run. The US Treasury Department announced on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs.
The cryptocurrency market has seen nearly $2 billion in liquidations over the past 24 hours, its largest since February 5.
• Institutional capital returned through consecutive net inflows into spot Bitcoin ETFs. • Macroeconomic liquidity shifts and easing Federal Reserve rate expectations stabilized risk appetite. • Derivatives data showed healthy market structure driven by spot demand.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The upside prevails as long as 71,195 is support, with 73,076 and 73,416 as targets
below 71,195, expect 70,630 and 70,294.
The upside prevails as long as 71,195 is support, with 73,076 and 73,416 as targets
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