Crypto Price Today: BTC Hovers $77K, ETH Tops $2.4K, XRP Surges as S&P 500 Hits ATH, and RAVE Jumps 50%

Crypto price today shows the global market rising 2.84% to $2.61 trillion within 24 hours amid improving sentiment. Bitcoin is trading above to $77,004 after surging by 2.53%, and Ethereum trades above $2,400 following the recent surge. This week saw about $220 billion flow into the crypto market with an increase in institutional flows.

Bitcoin Price Surges Toward $80K on Ceasefire & ETF Inflows

Bitcoin has had an upward trend and shot to a high of about $78,000 in the active trading activities around the world.

The rally came after the geopolitical tensions were eased with the ceasefire and the reopening of the Strait of Hormuz.

These developments minimized the risks in the oil sector, minimized the inflation risks, and made investors enter the risk assets once again.

The U.S. spot Bitcoin ETFs have registered cumulative net inflows of 664 million, continuing the streak of inflows to four days.

The next directional move is closely monitored by the traders between the ranges of $75,000 and $80,000.

The future Bitcoin outlook may see the resistance level of $80,000 being re-tested soon because holding above this support level.

A fall below the support can initiate selling pressure and consolidation in the larger uptrend.

Ethereum Price Climbs Past $2.4K as Bulls Target $2.6K

Etherium has hit 75-day high and passed the 2400 mark during recent market.  The shift indicates a new wave of bullishness against a backdrop of steady institutional investments in Ethereum investment vehicles.

Spot Ethereum ETFs registered seven days in a row of inflows worth more than $127 million in the last sessions.

The $2,340 mark has now become an important support zone to hold the existing bullish building.

Should the price maintain above this point, analysts anticipate the possibility of a shift to the $2,600 resistance area. A daily close of less than $2,200 would reduce the momentum and indicate a change in the short term market feeling.

S&P 500 Hits ATH as Oil Drops After Hormuz Reopens

The S&P 500 rose to all-time highs and was up 4.5% this week, as the world was starting to become better.

The opening up of the Strait of Hormuz contributed to stabilizing oil supply expectations and drove crude prices downward.

Declining oil prices cooled inflationary fears and provided an equities and digital assets-friendly environment.

Such a close correlation suggests that overall macroeconomic influences are already influencing the price trends of crypto.

These trends point to a greater degree of convergence between crypto markets and mainstream financial systems across the globe.

XRP Price Strengthens While RAVE Jumps 50%

XRP price showed significant gains as the sentiment boosted the key altcoins in the market. The XRP is up 3% to $1.45 in 24h, a modest gain. 

Should XRP price maintain the level of support at above the $1.42 level, it may revisit the resistance level at $1.55; otherwise, a failure could lead to a pullback to the level of $1.37. 

The most important one is the upcoming CLARITY Act markup in the U.S. Senate, which is planned to take place in late April.

Ravedao RAVE token has soared by 50% in one day following an extraordinary weekly surge. The token has gained over 1000% in the past week and climbed rapidly in market capitalization rankings. This kind of sharp growth illustrates high speculative demand but presents high volatility risks.