Bitcoin Surges Past $72,000 Outperforming US Stocks, Futures Open Interest Rises to $107.6 Billion

On March 13, Bitcoin climbed roughly 2% during Friday’s European trading session, breaking above the $72,000 mark, per a Coindesk report. It outperformed risk assets despite a stronger U.S. dollar and weaker U.S. stock futures—with Nasdaq 100 and S&P 500 futures dipping at one point, while the U.S. Dollar Index rose above 100. Derivatives data shows total cryptocurrency futures open interest (OI) jumped ~5% over the past 24 hours to $107.6 billion. Bitcoin OI hit 687,200 BTC, its highest level since late February; Ethereum OI rose to 13.72 million ETH, signaling ongoing fund inflows into long positions. If Bitcoin breaks $74,000 with significant volume, the market could test $80,000 next; if it fails to breach that level, it may stay range-bound in the zone it’s traded in since early February. Among altcoins, Trump-themed meme coin TRUMP surged over 30% in 24 hours after announcing a dinner with former President Trump for its top 297 holders. AI-focused tokens Bittensor and FET each gained around 14%.