Crypto Market Bulls in Control: BTC Nears $80k, ETH Heads for $2.5k

Bitcoin and Ethereum prices continue their upward trend, while Ripple also experiences significant gains. The US Treasury's decision to double its debt buyback operations has boosted the market's bullish sentiment.

BTC is trading at $74,700 on Friday, with a nearly 20% surge in value this week. Technical indicators suggest that momentum is stretched, but immediate resistance lies above $80,000. If BTC breaks through this level, it could continue its upward trajectory.

Ethereum price has also surged, nearing the $2,500 mark and pushing well above its key EMAs. The 50-day EMA, 100-day EMA, and 200-day EMA all sit below the current market price, indicating a constructive trend structure. Momentum indicators are stretched, but initial resistance lies at the psychological $2,500 level.

XRP has seen a nearly 30% increase in value this week, trading at $1.28 on Friday. The asset is retaining its bullish near-term tone while holding above its 50-day and 100-day EMAs. However, it remains capped beneath its 200-day EMA at $1.344.