Bitcoin Nears $78,000 As Risk Appetite Returns, Analysts Eye $84,000 Breakout
Bitcoin climbed to a two-month high near $78,000 as easing geopolitical tensions and improving investor sentiment lifted crypto markets. Analysts said a breakout above $79,000 resistance could send Bitcoin toward $84,000.
Bitcoin neared $78,000, its highest level in two months, as crypto markets rallied. The world's largest cryptocurrency was trading around $77,162, up 3.09% over 24 hours. Ethereum and major altcoins also advanced, with Ethereum rising 3.55% to $2,411. Analysts said Bitcoin faces key resistance near $79,000, and a decisive break above that level could open the path toward $84,000. BlackRock's Bitcoin exchange-traded fund recorded inflows of over $817 million, supporting the rally. The market also drew support from policy developments, including progress on the U.S. Crypto Clarity Bill and signals from South Korea supporting stablecoin development.
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