Bitcoin stalls below $83K while altcoins flash bullish rotation: Crypto Markets Today
CoinDesk
Bitcoin consolidated near $83,000 as investors rotated capital into altcoins, which outperformed majors amid improving market sentiment.Summary
On Thursday, the cryptocurrency market experienced a period of consolidation as Bitcoin and Ether retreated from weekly highs, trading at approximately $80,861 and $2,325, respectively. Despite the slight dip in major assets, altcoins like ALGO and TON saw significant gains, reflecting a shift in investor focus toward higher-risk assets. Derivatives data suggests a trend of deleveraging, with total futures open interest declining by 3%, though TON remains a standout with record-high interest and strong buying activity. Meanwhile, DeFi and meme coin indices recorded gains, and market indicators suggest a growing appetite for altcoins as speculative sentiment begins to recover.
(Source：CoinDesk)