Bitcoin BTC$71,859.13 rose through $72,000 during European hours on Friday, rising by 2% since midnight UTC and outpacing gains in U.S. equity indexes.

Futures on the Nasdaq 100 and S&P 500 index dropped during Asian trading hours before recovering. Both are now in the green. The U.S. Dollar Index (DXY), meanwhile, broke above 100, a move that typically puts pressure on risk assets like cryptocurrencies and stocks.

Today, however, the crypto market seems relatively immune to that pressure, with notable gains across the board. The CoinDesk 20 Index (CD20) is 1.1% higher since midnight.

If bitcoin can break above $74,000, a level it has failed to penetrate recently, on convincing volume, it might trigger a breakout back to the $80,000…