The crypto price chart looked green on Thursday as most assets rallied in the aftermath of U.S. President Donald Trump’s State of the Union speech this week. Bitcoin registered a profit of 3.06 percent to trade at $68,170. The price of BTC has clocked a significant rise from its previous day’s price point of $65,775. Bitcoin’s seven-day average price is up by nearly three percent, showed data by CoinMarketCap.
“The crypto market recovered over the past 24 hours, driven by structural demand and short-term positioning. Bitcoin rebounded from the $62,000 demand zone toward $68,000–$70,000, supported by $257 million in net inflows into spot Bitcoin ETFs—the largest since January. Over $400 million in short liquidations added upside momentum,” Riya Sehgal, research analyst at Delta exchange told Coin Headlines.
Ether joined Bitcoin in seeing gains on Thursday. Over the last day, the asset rose in price by 5.62 percent to retail at $2,065. Like BTC, Ether’s seven day average price is also up by nearly six percent.
“Ethereum defended the $1,800 demand zone and reclaimed $2,000, with $2,100–$2,220 as the next resistance.Improving global risk appetite, stabilizing bond yields, and expectations of more accommodative financial conditions support liquidity-sensitive assets, including crypto,” Sehgal noted.
XRP, BNB, Solana, Dogecoin, Cardano, Bitcoin Cash, Hyperliquid, Chainlink, and Stellar tailed BTC and ETH on the green-side of the crypto chart with gains within the range of two percent to seven percent.
Canton, Polkadot, and Uniswap, meanwhile, clocked profits of upto ten percent over the last day.
The overall crypto market cap rose by 3.15 percent that pushed the valuation to $2.35 trillion, CoinMarketCap showed.
“Rally sustainability depends on institutional inflows, macro stability, and absorption of overhead supply. The structure points to market resilience, though confirmation above key resistance is needed for broader bullish continuation,” Sehgal added.
Avalanche, Toncoin, Uniswap, Polygon, and Cosmos registered small losses on Friday.
Over 158,187 traders were liquidated in the last 24 hours with the total liquidations hitting $573.98 million, data by CoinGlass showed.