Bitcoin holds near $77,400 as derivatives signal caution
CoinDesk
Bitcoin hovers near $77,400 as cooling derivatives activity and mixed altcoin performance signal market caution among traders.Summary
Bitcoin is trading around $77,400 following a failure to break $83,000, as the broader crypto market shows signs of hesitation. Derivatives data reveals a 29% decline in 24-hour futures volume and a reduction in bitcoin open interest, suggesting traders are trimming exposure. While some assets like XRP and ZEC show specific bullish signals or increased interest, the overall market remains subdued amid U.S. economic uncertainty and anticipation of Nvidia earnings.
(Source：CoinDesk)