Bitcoin rallies to $78,000 as a softer dollar boosts crypto markets
Bitcoin climbed 0.76% while ARB and PONS extended gains as the dollar weakened.
Bitcoin rose 0.76% overnight to move closer to $78,000 driven by a weaker US dollar that lifted stocks, metals, and digital assets simultaneously. The recovery marked continued strength for major altcoins like Avalanche (ARB) and Polygon (PONS), which pushed higher for a third consecutive trading session. Market participants noted that the broader equity rally coincided with this crypto surge, creating parallel upward momentum across different asset classes. Analysts observed that external financial conditions were favoring risk-on sentiment, allowing digital currency prices to climb without specific intervention from regulators or exchange operators. The technical rebound suggests sustained buying pressure in the absence of major selling announcements.
