“Crypto Markets Fell with Xrp and Sol Leading Declines Among Major Cryptocurrencies.”, – WRITE: www.coindesk.com
Solana (SOL) and XRP Slipped 4% to Lead Losses Among Major Cryptocurrencies, with Bitcoin (BTC) Droping 1.1% and Bnb Chain’s Bnb Down 0.5% in the Past 24 Hours. Dogecoin (Doge) Lost 3%. Both Cardano’s Ada and Ether (ETH) ROSE 2% AS OF MIDDAY IN Europe.
Jupiter’s Jup Slid 9% to Lead Losses Among Midcap Tokens, Reeling from Its Apparent Connections to the Controversial Libra Coin. Libra was briefly touted by Argentina’s President Javier Milei Last Week As a Project that Could Could Help Small Businesses, But Insthead Crassed in Value Shortly After Issuance, WEH ITH ITH.
The Broad-Based Coindesk 20 (CD20), A Liquid Index Tracking the Largest Tokens by Market Capitalization, Fell 1.29%.
“WITH NO SIGNFICANT CRYPTO-SPECIFIC CATALYSTS IN SIGHT, PRICE ACTION APPEARS to be more MAORIVEN DRIVEN PARTICULARY Message. “However It is Interesting To Note DESPITE The Macro Uncertainties (Tariffs, Debt Ceiling, Inflation ETC) and The Unpredictability of Trump, Crypto Impled Vols And Vix.
“BTC HAS PROVEN TO BE RELATIVELY UNFAZED by the recent Macro Data and Oi HAS NOT RECOVED SIGNFICANTLY After The January Month-End Expiry. This suggests that Crypto Options Market is Justing Waiting on the Sidelines for Concrete Policy Changes Racher than Just Pro-Crypto Rhetoric.
Oi, or Open Interest, is the Number Outstanding Options Contracts That Have Not Been Closed. Rising Open Interest Represents More Money Flowing Into the Options Market.
The $ 110,000 Call Option on Deribit Has Been The Most Preferred Options Play this Month, As a Coindesk Analysis Noted Earlier Monday, While Bitcoin Itself Remains CONFINED IN A NARTW.
Traders Say A Preference for Btc Stems Mainly from Its Appeal Among Institutestors.
“While Many Altcoins Are Down 40-60% Over The Last Month or SO, Bitcoin’s Price Has Proved to be Surpringly Resilient, Holding At AT ARUND $ 96-97k. This is Likely Because It Holder Base Has Shifted Towards Institutional Investors, and this Is Likely to Continue, “Jeff Mei, COO at Taiwan-Based Cryptos.
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