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Crypto
Bitcoin spot trading volume hits lowest since October 2023, volatility fears grow on thinner liquidity
Bitcoin spot trading volume has fallen below $8 billion, its lowest since October 2023, even as expectations for further price gains rise. Glassnode data showed daily turnover has slid steadily since topping $25 billion in early February. Glassnode warned low volume can coincide with reduced market depth, making prices more sensitive to large orders. Options markets have not fully priced in higher volatility, with BVIV falling below 42 percent.
Crypto
Bitcoin breaks out of range as market watches oil and rate variables
Bitcoin moved above $78,000, breaking out of a range that persisted through March and early April. The move followed a lift in risk appetite after U.S. President Donald Trump said he would extend a ceasefire with Iran, sending stock index futures higher. On-chain data showed exchange-linked bitcoin holdings falling to 2.67 million BTC, a multi-year low. Analysts also pointed to elevated put option pricing and sensitivity to oil and interest-rate expectations.
Crypto
Only major coins rise as altcoin participation stays limited amid bitcoin rally
Bitcoin and ether rose sharply alongside a rebound in U.S. equities, but the broader market has yet to join the move. Bitcoin gained 5 percent and ether rose 9 percent over 24 hours, with continued demand from digital asset treasury firms and more bullish futures bets. Analysts cited $74,000 to $75,000 as a key level for further gains. Market breadth remained limited, with mixed altcoin performance.