Bitcoin Surges Above $77,000 as Crypto Market Remains Bullish
The cryptocurrency market continues to show bullish momentum, led by Bitcoin's surge above $77,000. The Fear & Greed Index has risen to 72, indicating a strong risk appetite and fuelling the ongoing rally.
Bitcoin spot Exchange-Traded Funds (ETFs) have attracted approximately $606 million in inflows over four consecutive days, totaling $1.6 billion through Thursday. Ethereum split ETFs experienced another bullish day, with inflows of $221 million on Thursday, while US-listed XRP spot ETFs saw inflows rise to roughly $13.2 million.
Bitcoin is trading above its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), suggesting a strong bullish bias. The SuperTrend line at about $68,681 sits below the current price, reinforcing an underlying demand zone. Ethereum and XRP are also showing strong momentum, with Ethereum approaching the $2,400 resistance and XRP gaining by over 7% to trade above $1.35.