Bitcoin Breaks Above Key Resistance as Ondo and Ether.fi Rally

The cryptocurrency market is showing signs of recovery after testing sub-$60,000 levels earlier this month. Bitcoin has been inching closer to $65,000 and is currently above its 50-day Exponential Moving Average (EMA) at $65,136. This breakthrough could open the way for a move toward $70,000, followed by the 200-day EMA around $74,484.

Ondo has rallied over 16% in 24 hours after launching its first tokenized stock representations backed by DTC-tokenized entitlements. The pair has reclaimed its 50-day EMA at $0.3367 and is inching closer to the 200-day EMA at $0.3769, which remains an overhead barrier.

Ether.fi is also testing a crucial resistance trendline breakout near $0.4400 on Thursday, following an 11% rise the previous day. The pair has risen above its 50-day EMA at $0.3813 and remains capped below its 200-day EMA at $0.5077.