Most cryptocurrencies are in green, with tokens like ENA and Dogecoin d’Ethena You are looking to improve their already two already impressive price gains.
The Coindesk 20 index A measure of the large market, is 2% higher with 16 members progressing.
However, Alex Kuptsikevich, chief analyst of the FXPRO market, remains cautious.
“The market capitalization of the crypto remains lower than its 50-day mobile average, indicating the prevalence of bears on the market. This is a very worrying indicator of the underlying risk appetite on the financial markets”, “
He added that although the interest rate reductions provided for by the Fed help the actions to suspend the submission, the weakness of the economy is “always negative for retail customers, the price of prices”.
Positioning of derivatives
By Omkar Godbole
- DOGE, SUP and HYPE have experienced two-digit gains in an open interest in the last 24 hours, considerably exceeding other upper cryptocurrencies.
- DOGECOIN OI increased to 16.88 billion DOGE, the highest since July 31, validating the overvoltage of 7.5% of the price of cryptocurrency. The token broke out of a descending trend line characterizing the lower top model since mid-July.
- The BTC OI in perpetual USDT and USD on the main exchanges continues to hover in the recent beach of 270k-290K BTC. An increase greater than 290K can be a warning sign of a renewed price volatility.
- On the CME, the standard BTC term contracts remain in low in April while the term contracts on the ETH fell to 1.87 million ETH compared to the record summit of 2.2 million ETH, which indicates capital outlets.
- On Deribit, XRP and Sol calls trade to a bonus to all tenors, indicating a bias bruise. Meanwhile, BTC and ETH options report persistent concerns.
Talk about tokens
By Oliver Knight
- Samecoins shows new signs of life after months in the slump, with several popular tokens publishing gains on Monday. The rally comes despite the persistent skepticism following a series of launches linked to celebrities who ignited earlier this year.
- Flag A token on the theme of Solana on the theme of dogs, led the charge with a daily gain of almost 7%. Mastiff Originally, also climbed more than 7%, reaching $ 0.2335, while new participants like SPX6900 and pump.fun (PUMP) Everyone has surpassed the larger Altcoin market.
- The same Coindesk index (Cdmeme) won 2.20% in the last 24 hours, exceeding the wide market of the Coindesk 20 index, which added 1.27%.
- Other speculative assets, including Fartcoin, irreverently named (Fartcoin)has also found buyers, adding in the sense of momentum in the sector. The rally suggests a renewed appetite among retail merchants for high -risk and high reward betting after weeks of lateral action on the wider market of cryptography.
- The rally marks a net reversal for the sector, which has been depressed for months. A series of launches focused on celebrities, including Trump and Melania coins, has made the headlines in recent months, but quickly collapsed under the weight of poor liquidity, dubious token and the fatigue of investors.
- Blockchain layer 1 samecore (M)Which is designed to respond to the same sector, sparked the fuse last week, climbing 164% over a period of seven days.
- The market capitalization of wider cryptography is up 0.57% to 3.84 dollars billions as Bitcoin majors and ether (Eth) started to move away from a level of critical support, suggesting a renewed force for the markets of Altcoin and even.
