Crypto Markets Today: BTC price climbs to highest level in four weeks as altcoins lag
Bitcoin briefly surpassed $93,000, reaching a four-week high, but uneven altcoin performance signals trader caution.Summary
Bitcoin rose to $93,350, its highest level since December 11, coinciding with the opening of CME futures trading, which created a price gap between $90,500 and $91,550 that may need to be filled soon. While BTC gained 1.33%, altcoins lagged significantly, with meme and metaverse indexes dropping, indicating weak liquidity and trader indecision. Derivatives data shows leveraged bearish bets were liquidated, and while open interest increased for BTC, BCH, XRP, and BNB, it was flat or negative for ETH, SOL, DOGE, and ZEC, suggesting improved risk appetite is limited to specific assets. Furthermore, the average crypto Relative Strength Index (RSI) near 58 suggests conditions are stretched, raising the risk of a short-term correction as traders take profits.
(Source：CoinDesk)