Bitcoin hovers above $76,000 alongside ether’s recovery as derivatives markets show heightened volatility and traders shift toward neutral risk positioning amid broader market gains.
Bitcoin is trading near $76,100 after bouncing from Tuesday’s low of $72,870, its weakest level since November 2024. Ether recovered to about $2,255 after hitting its lowest since May 2024. The rebound coincided with U.S. equities and precious metals gains following the passage of a government funding package ending a partial shutdown. Crypto futures open interest fell to $105.9 billion, the lowest since April 2024, and $679 million in positions were liquidated, mostly bullish. Bitcoin’s 30‑day implied volatility rose to 53%, the highest since December, with options markets showing strong demand for downside protection. Privacy coins Monero and Zcash posted gains, while Solana‑based tokens weakened. Bitcoin dominance climbed above 59%, reflecting altcoins’ underperformance.