BlockBeats News, March 13, according to Coindesk’s report, Bitcoin surged around 2% during the European session on Friday, breaking through the $72,000 mark. It outperformed risk assets despite a stronger U.S. dollar and weaker U.S. stock futures. Meanwhile, the Nasdaq-100 Index and S&P 500 Index futures dipped at one point, while the U.S. Dollar Index rose above 100.
Derivatives data shows that the total cryptocurrency futures open interest (OI) across the market increased by around 5% to $107.6 billion in the past 24 hours, with Bitcoin OI rising to 687,200 BTC, the highest since late February; Ethereum OI rose to 13.72 million ETH, indicating a continuous inflow of funds into long positions.
If Bitcoin breaks through $74,000 with significant volume, the market may further test $80,000; if it fails to break through, it may continue to trade within the range it has held since early February.
As for altcoins, the Trump-themed meme coin TRUMP surged over 30% in the 24 hours after announcing a dinner event with Trump for the top 297 holders; AI concept tokens Bittensor and FET both rose by around 14%.
