US Stock Market Movement: Bitcoin Rises to Four-Week High, Cryptocurrency Concept Stocks Surge in Pre-Market Trading, Strategy Up Over 2%

Glonghui, April 14 — Before-market trading of U.S.-listed cryptocurrency-related stocks saw broad gains, with Canaan Inc. rising over 3%, Bit Digital, Circle, Strategy, and CleanSpark each up more than 2%. On the news front, Bitcoin once rose to $74,747 per coin, hitting its highest level since March 17. Analysts have pointed out that if Bitcoin breaks above $75,000 on strong trading volume, a larger rally may follow, as short squeezes could force traders to cover positions and thus accelerate the upward trend. Bitcoin’s rise has been driven by improved risk appetite, a retreat in crude oil prices, and the strongest weekly ETF inflows since January. Key price levels remain in focus: $72,000 is seen as a bottom support; if it is breached, the price may fall back toward $70,500. On the upside, $75,000 is the immediate resistance level, and trading volume is crucial for sustaining any breakout.