Market

The Deribit-listed $100K strike call has seen the biggest jump in open interest in the past 24 hours.

Since the start of the year, bitcoin holdings bought on margin on Bitfinex have increased by over 13,000 BTC.

Overall crypto market capitalization fell 8% to $2.7 trillion, reversing all advances since Republican Donald Trump was elected U.S. president in early November.

In a worst case scenario, prices could slide to the $72,000–$74,000 range, one analyst said.

The move higher was in line with a CoinDesk analysis on Tuesday, as a five-month low in a sentiment index and a large-scale liquidation event indicated assets were likely oversold and could see relief in the short term.

On Monday, U.S. spot-listed bitcoin ETF outflows rose to $516 million as bitcoin tumbled toward $90,000.

Traders said the current bearish sentiment could be overblown and macroeconomic decisions were key to support market growth.

Macro uncertainty combined with carnage in most of the rest of crypto is weighing bitcoin down.

The platform gives investors access to cash flows of nearly 1,900 apartments, while helping property owners access capital.

Attendees at Consensus saw memecoins as net negative for the broader crypto market. Some expected the SEC to approve ETFs tied to top altcoins.