Bitcoin Reclaims $70K as Ether Surges Past $2K
Bitcoin rallied back above $70,000 on Friday, advancing roughly 11% after nearly dipping below $60,000 earlier in the week. Ether also broke out, trading north of $2,000 and reversing six consecutive months of declines. The moves came with elevated volume, suggesting a broad risk-on shift that lifted large-cap crypto assets simultaneously.
The rebound matters because reclaiming the $70k area could restore confidence among traders and institutions watching key technical levels, while Ether’s recovery may ease pressure on ETH staking economics and developer activity. That said, volatility remains elevated and market participants will be watching liquidity and macro cues for confirmation. Short-term momentum favors buyers, but traders should expect choppiness as the market re-tests support and resistance zones.