Bitcoin surpasses $72,000, outperforming US stocks, with futures open interest rising to $107.6 billions

BlockBeats News, March 13, according to Coindesk, bitcoin rose about 2% during Friday's European session, breaking through the $72,000 mark. Despite a stronger U.S. dollar and weaker U.S. stock futures, bitcoin outperformed other risk assets. During the same period, Nasdaq-100 Index and S&P 500 Index futures once fell, while the U.S. Dollar Index rose above 100.

Derivatives data shows that the total open interest (OI) in crypto futures across the market increased by about 5% over the past 24 hours to $107.6 billions, with bitcoin OI rising to 687,200 BTC, the highest since late February; ethereum OI increased to 13.72 million, indicating continued capital inflows into long positions.

If bitcoin breaks through $74,000 with significant trading volume, the market may further test $80,000; if it fails to break through, it may continue to maintain the volatile range since early February.

In the altcoin sector, the Trump-themed meme coin TRUMP surged over 30% in 24 hours after announcing a dinner event with Trump for the top 297 holders; AI concept tokens Bittensor and FET both rose about 14%.