Crypto Markets Today: Crypto Lags Behind Stocks and Gold as Traders Turn Defensive [Yahoo! Finance]
DNA BRANDS INC (DNAX)
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Source: Yahoo! Finance
on Wednesday, with BTC posting a modest gain while trading at $112,000, the lower side of its range. Altcoins performed even worse as FET dropped by 6.2% after Ocean Protocol decided to leave the ASI Alliance and reportedly offload its tokens on Binance. There was also a 10% decline for MYX and a 4% move to the downside for CAKE as as "altcoin season" index on CoinMarketCap slumped to 38/100, despite being at 67/100 earlier this month. Derivatives Positioning XPL, ASTER, SUI, and LINK have experienced a notable rise in futures open interest, while the top 10 tokens present a mixed performance overall. A whale address, labeled 0xc2a3, opened a 5x short in BTC worth $140 million on Hyperliquid. BTC futures open interest on Binance jumped by $510 million during the Asian hours as a trader moved $89 million in USDC to the exchange, possibly to short futures. Perpetual funding rates for majors, including bitcoin and ether, held flat-to-negative, implying a cautious sentiment.
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News
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