Bitcoin remains capped below $75,000 despite a modest rebound, as U.S. equities surge to fresh record highs during a strong risk-on market environment.
The Nasdaq Composite extended its rally to an 11-day winning streak while the S&P 500 also reached a new peak, highlighting Bitcoin’s relative underperformance.
Crypto-linked equities including Coinbase, Robinhood, and MicroStrategy climbed sharply, reflecting broader market optimism.
Bitcoin has gained around 1.45% over the past 24 hours to trade near $75,100, but repeated failures to break above this level continue to reinforce a two-month trading range.
“Since yesterday we've rejected from the top end of this two-month range,”
Said Jasper de Maere.
Traders are closely watching the $72,000 level as a key support threshold, with a hold above it keeping the breakout narrative intact while a drop could trigger renewed consolidation.
Despite improving sentiment following February’s sell-off to $60,000, Bitcoin remains in a low-volatility phase, lagging equities that have already pushed decisively into new highs.
At the time of reporting, Bitcoin price was $74,738.16.