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Crypto

Bitcoin holds around $66,000; VanEck says no clear bottom signal yet

Bitcoin has traded sideways in the $63,000 range over the past month, but asset manager VanEck views the move as an extension of a correction rather than a bottoming signal. In a report, it cited defensive derivatives positioning, weakening mining profitability and outflows from spot ETPs as signs short-term downside pressure remains. Trading activity and realised volatility have cooled. VanEck also flagged corporate selling, while on-chain data show rising long-term holding.

Crypto

XRP open interest tops $2.4 billion as market eyes break above $1.18

XRP open interest has climbed above $2.4 billion, up about $125 million over the past week. With XRP trading around $1.14 and up 1.5 percent over 48 hours, derivatives positioning has built again ahead of the $1.18 resistance level. Futures volume was $1.98 billion versus $274 million in spot volume, while liquidations were $2.53 million. Funding rates showed a mild long bias, and spot XRP ETFs saw $6.78 million of net inflows on July 16.

Crypto

Ethereum tests $1,950 for first time in seven weeks; what could drive a rebound to $2,100?

Ethereum tested the $1,950 level for the first time in seven weeks, extending a short-term rebound. The move triggered $62 million in liquidations of leveraged short positions, Cointelegraph reported. Ethereum rose 29 percent from its June 26 low of $1,500 as risk appetite improved across crypto markets. Still, on-chain demand, network revenue and volumes remain weak, while funding rates have not held neutral levels consistently.