Bitcoin rose to $74,709, up 0.89% in 24 hours, extending gains from the earlier update. The move came after Federal Reserve official Musalem said interest rates should remain unchanged for some time. In the derivatives market, crypto liquidations totaled $260 million, including $110 million in long positions and $150 million in short positions. U.S. stocks closed mixed on Wednesday, with the S&P 500 and Nasdaq reaching record highs.