Just noticed BTC finally breaking above 71k after Trump's comments on Iran calmed the markets. It's at 72.89k now with a solid 0.99% gain in 24h, and ETH bounced back above 2k to 2.25k as well. The dollar index dropped to 98.5 which always helps crypto, and when will crypto go back up really depends on whether this momentum holds.

What caught my eye is the broader pattern though - we're still in a downtrend since early October with lower highs and lows. For this rally to actually reverse the trend, BTC needs to push toward 98k and hold support levels along the way. Right now it feels more like a relief bounce than a real reversal.

Altcoins are having their moment too. Jupiter's up 1.45%, HYPE jumped to 42.43 with 3.14% gains, though WLFI is struggling at -3.24% after that Dolomite lending drama. The real question is whether this dollar weakness sticks around or if we're just seeing a temporary bounce. Open interest in BTC and ETH is rising faster than spot prices, so fresh money is flowing in at least.