Bitcoin Tops $75,000 Level, Fueling Broad Crypto Market Surge

TradingKey - Crypto market sentiment warms up as mainstream coins surge across the board, with Bitcoin strongly breaking through $75,000.

On March 17 (GMT+8), the crypto market extended its rally, with total market capitalization rising to $2.56 trillion, hitting a new high in over a month. Meanwhile, the sentiment index surged to 46, once again approaching neutral levels.

Mainstream coins surged collectively, with Ethereum ( ETH) being the standout performer, jumping over 8% to break $2,200; Bitcoin ( BTC) rose more than 3% to break $75,000; Binance Coin ( BNB) rose about 1%, and Ripple ( XRP) gained over 6%.

Price performance of the top ten cryptocurrencies by market capitalization, Source: CoinMarketCap

Currently, Bitcoin has successfully broken through the key resistance level of $74,000 and established a position above $75,000, hitting its highest level since February 4. While bullish market sentiment has been activated, it has yet to enter the greed phase and still requires time to develop, with the potential to rise to $80,000 this week.

Bitcoin price chart, Source: TradingView