Bitcoin and Ethereum Remain Stable as Altcoin Market Sees Activity
- Bitcoin (BTC) is trading at $76,597.82, fluctuating between $76,100 and $78,000 over the past four days.
- NEAR Protocol’s token surged by 28.5%, while FET increased by 11.4% in the last 24 hours.
- Privacy coins DASH, ZEC, and XMR faced selling pressure, reversing earlier gains.
- Crypto futures volume rose to $160 billion with open interest stable near $128 billion.
- CoinMarketCap’s “altcoin season” indicator improved from 31/100 to 38/100 this week.
The crypto market is experiencing reduced volatility among major cryptocurrencies like Bitcoin and Ethereum, while altcoins are showing signs of activity driven by speculation in sectors like AI.
With NEAR’s notable rise of over 28% and a stable futures market reflected by an open interest of around $128 billion, the current environment indicates a shift towards altcoins amidst a tight range for BTC and ETH prices.
