Most cryptocurrencies are in green, with chips like Ethena’s ENA and Dogecoin Seeking to improve their already impressive two -digit -two -digit pricing earnings.
COINDESK 20 INDEX A broad market measure is 2% higher, with 16 members.
Even so, Alex Kuptsikevich, the main analyst of the FXPro market, is still cautious.
“Crypto market capitalization remains below its 50 -day mobile average, indicating the prevalence of bears in the market. This is a very worrying indicator of the underlying risk appetite in financial markets”, “
He added that while the interest rate cuts of the expected Fed are helping actions to maintain the offer, the weakness of the economy is “still negative for retail clients, the driving force behind prices.”
Derivative positioning
By Omkar Godbole
- Doge, Sui and Hype have seen two -digit profits in future interest in the last 24 hours, significantly surpassing other upper cryptocurrencies.
- Dogecoin OI increased to 16.88 billion Dux, the highest since July 31, validating the 7.5% increase in the price of cryptocurrency. The Token has left a line of descending trend that characterizes the pattern of the lower maximums since mid -July.
- The OI of BTC in perpetuals called in USDT and USD in the main exchanges continues to float in the recent range of 270k-290k BTC. An increase above 290k can be an omen of renewed prices volatility.
- In the CME, BTC’s future standard are maintained in April, while ETH Futures OI has returned to 1.87 million ETH from the maximum record of 2.2 million ETH, indicating capital outflows.
- In Delibit, XRP and Sol they call trade with a premium to take all the tenors, indicating a bullish bias. Meanwhile, BTC and ETH options indicate downward concerns.
Token talk
By Oliver Knight
- Memecoins show new signs of life after months in The Doldrums, with several popular tokens that publish profits on Monday. The rally occurs despite persistent skepticism after a series of releases linked to celebrities that were divided earlier this year.
- Bond A card with the songs of Swunny Dogs, led the load with a daily gain of almost 7%. Dogecoin The original memecoin also rose more than 7%, reaching $ 0.2335, while the newest participants like SPX6900 and bomb. (BOMB) Each exceeded the broader Altcoin market.
- COINDESK’s meme index (Cdmeme) It has won 2.20% in the last 24 hours, exceeding the Broad Market Coindesk 20 index, which added 1.27%.
- Other speculative assets, including the irreverently called Fartcoin (Fartcoin)They also found buyers, which adds to the feeling of impulse throughout the sector. The rally suggests a renewed appetite among retail merchants for high -risk bets and high reward after weeks of lateral action in the broader cryptographic market.
- The rally marks a strong change for the sector, which has been depressed for months. A series of launches driven by celebrities, including Trump and Melania coins, attracted the headlines in recent months, but quickly collapsed under the weight of bad liquidity, questionable tokenomics and investors’ fatigue.
- Capa-1 blockchain memecore (METRO)which is designed to serve the Memecoin sector, the fuse lit last week, rising 164% for a period of seven days.
- The broader Crypto market limit has increased 0.57% to $ 3.84 billion like Majors Bitcoin and ether (Eth) He began to move away from a critical support level, which suggests a renewed strength for Altcoin and memecor markets as a result.
