Bitcoin at $78,000 as global stocks rally along with gold

Bitcoin traded at $78,280.5, up by 2.62%. Ether rose by 3.71% to $2,400.81, Solana gained 3.09% to $88.39, and XRP added 1.16% to $1.4529, while total liquidations jumped 67.26% to $419.09 million. The average RSI stood at 54.6, which kept the reading neutral, and the Altcoin Season Index came in at 34, also neutral.

Meanwhile, gold surged by a measly 1.1% to above $4,770 an ounce after dropping more than 2% in the previous session. In the U.S., stock futures moved higher on Wednesday after President Donald Trump extended the U.S. ceasefire in Iran.

S&P 500 futures gained 0.7%, Nasdaq 100 futures rose 0.9%, and Dow futures were up 335 points, or 0.7%. Last week, the S&P 500 wiped out all of its losses since the war began as de-escalation hopes picked up. The index and the Nasdaq Composite both posted multiple all-time and closing highs, with the S&P finishing above 7,100 for the first time.

Oil moved lower. West Texas Intermediate futures fell 0.67% to $89.07 a barrel as of press time, while Brent dropped 0.48% to $98.01.

In Asia, Japan’s Nikkei 225 hit a record and closed 0.4% higher at 59,585.86 after fresh trade data. South Korea’s Kospi rose 0.46% to 6,417.93, and the small-cap Kosdaq added 0.18%. Mainland China’s CSI 300 gained 0.66% to 4,799.62, but Hong Kong’s Hang Seng fell 1.19% in the final hour of trade.

Elsewhere, India’s Nifty 50 slipped 0.59%. HCL Technologies dropped 8.87% after its fourth-quarter earnings missed expectations. Australia’s S&P/ASX 200 fell 1.18% to 8,843.6.