Bitcoin, ether benefit as traders seek safety of largest tokens
The two largest cryptocurrencies are the only CoinDesk 20 members in positive territory as altcoins fall out of favor.
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Summary
- Bitcoin is outperforming the broader crypto market as traders rotate toward large-cap tokens like bitcoin and ether while altcoins see falling open interest and weak momentum.
- Derivatives data show a cautiously bullish tilt for bitcoin, with rising futures open interest, steady implied volatility and growing upside options bets, while XRP and SOL face leverage-driven pressure.
- NEAR’s new stake-to-compute model ties its token to AI computing power, but analysts say its success hinges on sustained real demand and usage once early incentives and subsidies fade.
