Bitcoin Breaks Through $72,000, Futures Open Interest Reaches $107.6 Billion, Hitting Recent High

BTC-0,52%
ETH-1,53%
TRUMP-3,27%
TAO-0,68%

Gate News reports that on March 13, Bitcoin rose about 2% during the European session on Friday, breaking the $72,000 mark. Despite the strengthening of the US dollar and weakness in US stock futures, Bitcoin outperformed risk assets. Meanwhile, the Nasdaq 100 Index (US tech stocks) and S&P 500 Index (US benchmark stock index) futures temporarily declined, while the US dollar index (measuring dollar strength) broke above 100.

Derivatives data shows that the total open interest (OI) in the crypto futures market increased by approximately 5% over the past 24 hours to $107.6 billion. Bitcoin OI rose to 687,200 BTC, the highest level since late February; Ethereum OI increased to 13.72 million ETH, indicating continued inflows into long positions.

In altcoins, Trump-themed Meme Coin TRUMP surged over 30% within 24 hours after announcing a dinner event with Trump for the top 297 holders. AI concept tokens Bittensor and FET both increased by about 14%.

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