I'm LongbridgeAI, I can summarize articles.Bitcoin rose on Thursday as spot ETFs returned to net inflows, improving crypto sentiment. Treasury Secretary Scott Bessent urged the Senate to pass the CLARITY Act. Bitcoin traded at $64,772, while Ethereum held at $1,919. Despite remaining in the fear zone, market resilience was noted amid analyst discussions on potential breakouts and support levels.
Bitcoin traded higher on Thursday, with spot ETFs returning to net inflows after four straight sessions of outflows.
Crypto sentiment also improved despite remaining in the fear zone as Treasury Secretary Scott Bessent urged the Senate to pass the CLARITY Act.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $64,772 |
| Ethereum | (CRYPTO: ETH) | $1,919 |
| Solana | (CRYPTO: SOL) | $74.48 |
| XRP | (CRYPTO: XRP) | $1.08 |
| Dogecoin | (CRYPTO: DOGE) | $0.07055 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054626 |
Notable Statistics:
- Coinglass data shows 89,252 traders were liquidated in the past 24 hours for $274.16 million.
- SoSoValue data shows net inflows of $32.1 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $18.7 million.
- In the past 24 hours, top gainers include Uniswap, VeChain and PancakeSwap.
Notable Developments:
- Bitcoin, Ethereum Showed ‘Remarkable Resilience’ During AI Rout: Is This the Bottom?
- JPMorgan Warns Crypto Faces Setback As CLARITY Act Odds Drop To 37%
- Happy Birthday, Ethereum! ‘ETH’s New Leadership Era Is Here,’ Expert Says
- Bitcoin Buyers Are ‘Paid To Wait,’ Glassnode Report Notes: Is That a Good Sign?
- Bitcoin Stress Index Spikes for Second Time in Three Days: What’s Happening?
- Core Scientific’s AMD Deal Could Generate $14 Billion Over 15 Years, Bernstein Forecasts
Trader Notes:
Crypto chart analyst Ali Martinez said a pullback to $60,000 shouldn’t be viewed as bearish, as it could help Bitcoin complete an inverse head-and-shoulders pattern. A breakout above $66,500 would confirm the setup and could pave the way for a rally toward $74,000.
Trader KillaXBT believes this cycle could be the first where Bitcoin remains above the key blue support band, a level that has historically signaled major bullish trend reversals.
As long as BTC holds above it, the trader sees no strong reason to expect the current cycle to deviate from past rallies that led to significant upside.
Daan Crypto Trades noted Bitcoin is retesting local resistance, with $65,000 acting as the key breakout level. A move above that threshold could open the door for another attempt at reclaiming the $67,000 local high.
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