On September 6, the open interest in altcoins exceeded that of Bitcoin for the first time since December 2024, driven by increased leverage in Zcash, XRP, and Solana. Despite this shift, Bitcoin still holds about 37% of the open interest in perpetual contracts. The rise in altcoin leverage indicates higher risk and speculation, especially notable in Zcash with a strong price surge and liquidations of short positions. However, other indicators like the Altcoin Season Index and Bitcoin dominance suggest that a full altseason has not yet begun, and the market remains vulnerable to corrections.
Starknet (STRK) led the top 90 cryptocurrencies by market cap, rising 45.02% in 24 hours to $0.107, extending its previous day's 42.04% gain. Among other notable movers, Aerodrome Finance gained 14.46%, Injective rose 6.54%, and Figure Heloc advanced...
Bitcoin (BTC) briefly rose above the key price level of $83,000 on the Binance spot market, reaching $83,008 at 11:38 p.m. ET on October 10. However, despite this surge, the price slightly dipped to $82,914 just 15 minutes earlier and was down 0.09% ...
Matt Hougan, CIO of Bitwise Asset Management, predicts Bitcoin's market cap could grow from $2 trillion to $30 trillion, paralleling gold's rise after U.S. gold ETFs launched in 2004. The SEC approved spot Bitcoin ETFs in January 2024, enabling easie...
Bitcoin's recent price correction has highlighted a potential support level around $74,500, representing a roughly 7.34% drop from the recent high of $87,027 on October 5. This level is based on historical average drawdowns during previous bull cycle...
On October 11, XRP's coin-margin long positions increased significantly by 12 percentage points to 78.32%, while Ethereum's long positions declined in both coin-margin and USDT-margin markets. Bitcoin and Solana also saw notable increases in long pos...
