Crypto's Sideways Slide: Geopolitics & Altcoin Divergences
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Crypto markets stagnate, with Bitcoin at $69k and Ether at $2130, mirroring November-January 2021 stall. Geopolitical tensions, particularly Iran, and high oil prices keep inflation pressure high. Derivatives show cautious institutional behavior, with flat open interest and neutral funding rates. Altcoins show mixed performance, with some like Zcash and Dash rising, while others like Ethena plummet. The market favors utility over hype, suggesting strategic positioning for future moves.
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