Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

• Bitcoin edges below $78,000 on Thursday, extending a near-term pullback for the fourth consecutive day.
• US Treasury increases buyback operations to $6 billion in long-term debt to tackle rising bond yields.
• Near Protocol and Zcash have sustained gains over the last 24 hours, emerging as top performers.

Bitcoin (BTC) trades below $78,000 on Thursday, maintaining a near-term corrective tone amid hawkish macroeconomic factors. US bond market shrugs off the US Treasury's increase in buyback operations to $6 billion in long-term debt as yields continue to rise, signaling an insufficient step amid the ongoing war with Iran.

CoinMarketCap’s Fear and Greed shows a reading of 70, projecting a consistent risk-on sentiment in the crypto market, but is down from 78 last week, indicating moderation. Near Protocol (NEAR) and Zcash (ZEC) have sustained gains over the last 24 hours, emerging as top performers.

Bitcoin extends pullback as buying pressure eases

Bitcoin trades around $77,992 at press time on Thursday, maintaining a corrective tone so far this week. Still, BTC holds well above the main Exponential Moving Averages (EMAs), with the 50-day EMA near $73,011, the 200-day EMA around $73,425 and the 100-day EMA at about $70,731, suggesting a broadly supported uptrend.