Bitcoin breaks through $74,000, with Ethereum and other tokens rising by up to 6%

On Monday, bitcoin broke through the $74,000 mark, leading the cryptocurrency market. Major tokens such as ethereum and Solana surged by 6%, marking the strongest weekly gains since before the outbreak of war. The easing situation in the Strait of Hormuz, with two oil tankers passing through for the first time, led to a decline in oil prices and a weaker dollar, improving liquidity for risk assets such as cryptocurrencies. Investors are focusing on the Federal Reserve's meeting on March 17-18; the dot plot and Chairman Powell's remarks will influence market expectations for potential interest rate cuts.