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Bitcoin Eyes $75,000 as Cautious Rally Continues
Bitcoin price held steady above the key psychological level at $70,000 as volatility in the market dropped and a risk-on sentiment prevailed. The BTC/USD pair was trading at 70,800, up sharply from the year-to-date low of 60,100. Bitcoin jumped as investors moved back to risky assets as the US dollar retreated. The US Dollar Index (DXY) tumbled to $96.80 from this month's high of $98. The Dow Jones Index rose by 55 points, while the S&P 500 Index and Nasdaq 100 rose by 45 and 267 points, respectively. These assets jumped as a continuation of a market rally that added over $1 trillion in assets on Friday. It also ... (full story)
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