Bitcoin continues to stay at 103 thousand dollars.

Developments in Crypto Markets

Bitcoin is showing a strong stance around the $103,000 level, while alternative cryptocurrencies have generally entered a consolidation phase. The sentiment in the markets paints a fearful picture, with some assets experiencing significant losses.

AERO lost 18% after announcing its merger plans with Velodrome. Additionally, assets such as STRK and FET also witnessed double-digit declines following recent gains.

The total open positions in the markets decreased by 1.13%, falling to $142 billion, while trade volume increased by 25%. This situation indicates that investors prefer to interact directly with the market rather than using leverage.

On the other hand, the U.S. Dollar Index is fluctuating around the 100 level, which has the potential to exert additional pressure on risk-based assets. The crypto market is in search of an effective catalyst to find its direction.