Market Overview
The global cryptocurrency market cap stabilized near $3.5 trillion on Monday, reflecting cautious optimism as traders anticipated a bullish US trading week.
Key Highlights:
- Bitcoin surged to $105,800**, pushing its total valuation past **$2 trillion after the US-China trade agreement eased tariffs.
- Top gainers included Shiba Inu (SHIB), Pi Network (PI), and Dogecoin (DOGE), signaling renewed retail interest.
- Derivatives markets saw $97 billion in trading volume**, with open interest hitting **$68.19 billion, indicating aggressive long bets.
Bitcoin Price Analysis
Current Trends
- BTC traded at $105,800 on Binance, up 2.53% from the previous day.
- 24-hour spot volumes crossed $33 billion, per CoinGecko, the highest since Friday’s market close.
👉 Bitcoin’s bullish momentum explained
Derivatives Data
- Open interest rose to $68.19 billion**, while trade volume spiked **29.39%** to **$97.01 billion.
- Options volume jumped 89.90%, with institutional players driving demand.
Altcoin Rally: Memecoins Lead Charge
Top Performers
- Pi Network (PI): +46.6% (mobile-mined token).
- Shiba Inu (SHIB): +7.2%.
- Dogecoin (DOGE): +6.5%.
Market Shift
- Retail participation surged, with memecoins becoming a proxy for risk-on trades.
- Institutions leveraged low-liquidity tokens, capitalizing on retail euphoria.
Crypto News Updates
1. Ledger’s Discord Server Compromise
- A hacked moderator account spread phishing links.
- Resolution: Ledger revoked access, deleted malicious bots, and tightened server permissions.
2. US-China Trade Progress
- Temporary agreement lowered tariffs, boosting crypto and equity markets.
- Detailed terms expected soon.
3. FTX EU Withdrawals via Backpack
- Users must complete KYC to reclaim funds.
- Eligibility: Registered after March 7, 2022.
FAQs
Q: Why is Bitcoin price stalling below ATH?
A: Traders await confirmation from institutional inflows; derivatives suggest bullish sentiment persists.
Q: Are memecoins a safe investment?
A: High volatility makes them risky. Diversify with blue-chip cryptos like BTC or ETH.
👉 How to spot the next crypto trend
Q: What’s driving Pi Network’s rally?
A: Community mining hype and low liquidity amplify price swings.
Key Takeaways
- Bitcoin’s $2 trillion milestone reflects institutional confidence.
- Memecoins outperformed, signaling retail frenzy.
- Derivatives data hints at impending volatility.
Always conduct independent research before investing. Markets are volatile—manage risk accordingly.