Bitcoin traded just above $78,000 as of Asian morning hours on Thursday, down about 1% over 24 hours, with the rest of the majors falling harder.
Dogecoin was the worst of them, down more than 5%, followed by BNB at about 4% and XRP at 3%. Solana, hyperliquid’s HYPE and ether each shed between 1% and 3%, leaving ether just under $2,475 and solana near $102. Tron was the only gainer, up less than 1% to about 34 cents, according to CoinDesk data.
Bitcoin’s 50-day average price crossed above its 200-day average on Tuesday.
FxPro analysts said a similar crossover in October 2024 and May 2025 produced nothing, but that this one follows a prolonged bull market rather than appearing inside a correction.
“The current situation bears a closer resemblance to what we saw in 2019,” they wrote, pointing to a 90% rally in under two months after that signal.
Read More: Bitcoin’s golden cross is here
Brent crude climbed as high as nearly $102 a barrel in Asian trade after Iran said it was prepared for a more intense war, and the higher oil price is feeding straight into rate expectations.
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