Overview of the Cryptocurrency Market in the Last 24 Hours
Price Developments of Major Cryptocurrencies
Bitcoin (BTC) has been trading in the range of $100,700 to $101,937 over the past 24 hours, marking a slight increase of around 0.5–1.5% depending on the exchange. Trading volume for the past day is in the tens of billions of dollars, indicating heightened market activity.
Ethereum (ETH) has seen a more significant rise, with its price increasing by approximately 9% and testing key resistance at the $2,000 level. The current price is around €2,252 (about $2,430). ETH’s 24-hour trading volume has exceeded €30 billion.
Sentiment and Trends
The cryptocurrency market has been experiencing positive sentiment in recent days, as reflected in the growth of major cryptocurrencies and renewed correlation between Bitcoin and Ethereum.
Liquidity is also returning to lower-cap projects, where the first significant gains of the year are becoming apparent.
Major Events
Coinbase announced the acquisition of Deribit (the world’s largest crypto options trading platform) for approximately $2.9 billion. This is a major step into the crypto derivatives sector and may influence market dynamics and product offerings for both institutional and retail investors in the future.
Recent reports highlight increased activity from large investors (“whales”), further supporting the bullish market sentiment.
Volatility and Volumes
Bitcoin has shown a price change of about +0.5 to +1.5% over the past 24 hours, indicating a mildly upward trend.
Ethereum is significantly more volatile, with nearly a 9% increase in the last day.
Summary
The cryptocurrency market has strengthened over the past 24 hours, with major cryptocurrencies rising and sentiment remaining positive.
The most significant event is Coinbase’s acquisition of Deribit, which could bring new opportunities in crypto derivatives.
Trading activity and volumes are high, confirming strong investor interest in cryptocurrencies at this time.