Crypto Markets Today
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
Bitcoin dominance is closing in on 60% while USDT's has slipped to 6.3%, pointing to a market growing more comfortable with risk.
Bitcoin kicks off new quarter in the old $82,000-$85,000 price range
Prices briefly topped $85,000 on Wednesday after weaker-than-expected U.S. inflation cooled bets on Fed rate hikes, But bulls couldn’t hold the move and spot ETFs didn’t help.
Bitcoin stalls near $83,000 while lighter drops 17% on Robinhood perps plan
Bitcoin held near $83,000 as the 30-year Treasury yield topped 5.6%, while DeFi tokens reversed and lighter fell after Robinhood unveiled U.S. perps.
Aave leads DeFi higher as crypto shrugs off surging bond market
Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10-year Treasury yield sat at 5.234%.
Bitcoin falls to $83,000 while altcoins unwind Friday's rally
Bitcoin fell 1.7% to $83,000, though the CoinDesk 100 dropped 2.6% as Friday's biggest gainers reversed and oil climbed back above $100.
Altcoins rally across the board as bitcoin consolidates near $84,000
Quant jumped 39% over 24 hours and 93 of 100 CoinDesk 100 constituents rose, with the altcoin season index at its highest in more than three months.
Bitcoin slides to $83,300 as bond yields hit highest level since 2007
The 10-year Treasury yield reached its highest since 2007, sending U.S. stocks and crypto lower before Asian and European traders bought the dip.
Bitcoin consolidates near $86,000 as rally narrows and Brent slips below $100
Thirty-eight of the 100 CoinDesk 100 constituents were lower on the day, with bitcoin cash up 32% over 24 hours on a CME futures listing.
Bitcoin recovers from Asian-session lows as falling oil price supports risk appetite
Bitcoin traded near $86,000 as WTI crude dropped below $90 and strong stock markets supported risk appetite.
Bitcoin hits $85,000 as short squeeze forces out $648 million of bearish bets
Open interest climbed 7.59% to $156 billion even as positions were closed out, a sign traders are chasing the move rather than stepping back.
