Bitcoin remained stable at $64,663.77, just below its three-week peak of $65,200, as geopolitical tensions between the U.S. and Iran tempered gains from a recent report showing softer-than-expected inflation figures. The cryptocurrency is over 3% higher over the past 24 hours, but saw a slight decline of 0.6% since midnight UTC.
Ether also demonstrated resilience, trading at $1,895, the highest level since June 3, despite a minor drop of 0.8% overnight. It has been enjoying a 5% increase over the same time frame.
Meanwhile, HYPE surged by 4%, inching towards a record above $78, strengthened by a trend of consistent higher highs since May. Conversely, LIT faced profit-taking near its all-time high of $2.76.
Market dynamics showed an interesting twist with CoinMarketCap's Altcoin Season indicator dipping to 46/100, highlighting a concentration of strength among major cryptocurrencies rather than across the broader market.
In derivatives, open interest for Bitcoin increased slightly to $17.3 billion, reflecting a generally stable market environment. The call/put ratio has shifted to a more bullish 66/34, suggesting a renewed interest in upside positioning among traders.
As the altcoin market displayed pockets of strength, PUMP saw an impressive 8.5% rise fueled by strong demand following a team and investor unlock. The total liquidations in the last 24 hours reached $357 million, with Bitcoin and Ether leading the charge.
This material is for informational purposes only and should not be considered financial advice.
