Bitcoin breaks through $76.000, Ethereum passes Dell

Bitcoin has risen past $76.000, overtaking Meta in the ranking of the largest global assets. With a market capitalisation of $1.52 trillion, Bitcoin now sits in 13th place among all global assets. The price rose 9.58% over the past 24 hours, on a trading volume of roughly $61 billion.

Bitcoin is available at OKX and Bybit.

In brief:

• Bitcoin rises 9.58% in 24 hours to $76.019,64
• Bitcoin overtakes Meta and now ranks 13th in the global asset ranking
• Ethereum reaches a market capitalisation of $283.9 billion and passes Dell

Key technical levels recovered

The rally continues a series of important recovery steps. Bitcoin has reclaimed its 200-day moving average of $69.000, as well as the True Market Mean level at $75.700. The Short-Term Holder cost basis at $67.100 has also been reached again.

The seven-day price gain now stands at 19.30%, indicating that the rally is more than just a daily phenomenon. Bitcoin is stabilising above its cost basis while traditional markets are also making strong moves.

Ethereum takes 72nd place in global ranking

Ethereum is also benefiting from the rising crypto market, with a market capitalisation that has now reached $283.9 billion. That is enough to overtake Dell in the global asset ranking and take 72nd place.

The strong performance of both cryptocurrencies suggests that analysts’ expectations of a new surge are increasingly well founded. While large Ethereum wallets have been shrinking for three months, the market seems to be building new momentum in the meantime.