Bitcoin taps $74,000 as crypto market rally lifts Dogecoin, Coinbase and more

Bitcoin briefly climbed above $74,000 on Wednesday, marking a return to that level after about a month, as a widespread rally swept through crypto markets and related equities. Bitcoin gained about 8% in 24 hours, while Ether (ETH) jumped over 9% to a one-month high above $2,200. Among top assets, Dogecoin (DOGE) surged over 15%, and Zcash (ZEC) rose roughly 13%. This rebound follows weeks of weakness, with Bitcoin having entered oversold conditions. Analysts suggest renewed institutional demand, evidenced by over $680 million in spot bitcoin ETF inflows this week, is supporting the price as investors treat BTC as a hedge against geopolitical turmoil. Meanwhile, crypto-linked stocks also saw significant gains; Coinbase (COIN) shares climbed about 15% following news of CEO Brian Armstrong meeting with President Trump regarding stalled crypto legislation. Gemini (GEMI) jumped 34%, and mining stocks also moved higher.

(Source：The Block)