Bitcoin rebounds to $77,700 after reclaiming $75,650 support, eyes $80,000 push
Updated
Updated · CoinDesk · Apr 29
Bitcoin rebounds to $77,700 after reclaiming $75,650 support, eyes $80,000 push
16 articles · Updated · CoinDesk · Apr 29
Bitcoin trades at $77,700, up 1.8% since midnight UTC, after bouncing from $75,650 support as futures open interest drops to 715.60K BTC, the lowest since April 9.
Speculative flows surge in memecoins like DOGE and SHIB, with DOGE futures open interest jumping 18% to 16.06 billion tokens, while options markets show elevated demand for downside protection.
The broader crypto market rises ahead of major U.S. tech earnings and the Federal Reserve decision, but persistent de-risking and rising oil prices present headwinds as Bitcoin remains below the $80,000 barrier.
With Bitcoin tied to tech stocks, what catalyst could finally break its $80,000 ceiling?
Can Big Tech's massive AI spending deliver real profits amid rising geopolitical costs?
Has institutional adoption transformed Bitcoin into just another high-risk tech stock?
How will the next Fed chair navigate persistent inflation and a slowing labor market?
Is Bitcoin’s code vulnerable to a future quantum computing attack?
Will the Middle East conflict trigger a collapse in the global semiconductor supply chain?