Bitcoin nears $72,000, Strategy and Coinbase shares continue their gains

Comparing news, Bitcoin approached $72,000 during the European morning session on Thursday, rising more than 3.5% in 24 hours, with a cumulative increase of 15% since Monday. This round of gains was fueled by multiple benefits, including US Treasury Secretary Scott Bessent's announcement of a treasury repurchase plan and Trump urging Congress to advance the Clarity Act at the White House crypto campaign.

Crypto-related stocks rose at the same time. Bitcoin's largest corporate holder, Strategy (MSTR), rose 10% in the premarket; CoinDesk parent company Bullish (BLSH) rose 5%, up more than 9% on Wednesday; Bitcoin mining company MARA Holdings (MARA) and crypto exchange Coinbase (COIN) also continued their gains before the market.

According to CheckonChain data, Bitcoin has recovered several key technical levels and on-chain cost lines, including the short-term holder cost benchmark of $67,138 and the 200-day simple moving average of $68,969. The next key resistance level is the real market average of $75,689. If it continues to stand at this level, it means that active investors are generally in a state of fluctuation, which is expected to further strengthen the bullish sentiment.