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A confirmed cup-and-handle breakout on Ether’s chart and a double-digit increase in ETH accumulation wallet balances could be earlier signs of a longer-term rally for the altcoin.

Nearly a billion dollars in leveraged crypto positions were liquidated in the past 24 hours as the Bitcoin price rallied above $78,000.

Bitcoin pole vaulted to $78,000 and altcoins soared after Iran said that the Strait of Hormuz was fully open. Will bulls be able to sustain the upward momentum?

Bitcoin price rallied above $77,000 amid cooling geopolitical tensions and record-high back-to-back closes for the S&P 500.

“When we hit it, it will be vicious, so we have to prepare for that eventuality,” said former Treasury Secretary Henry Paulson on a potential US Treasury market crisis.

Analysts say reclaiming $76,000, sustained spot market buy volume and consistent inflows to the Bitcoin ETFs are the necessary components required for a rally to new highs.

Bitcoin price has entered the breakout stage of a classic bullish reversal pattern and is now eyeing a run toward $90,000.

Bitcoin consolidates between $73,000 and $75,000 as liquidations trigger a short squeeze, but weak spot demand keeps the upside momentum in check.