Bitcoin continues to remain at 103 thousand dollars.

Developments in the Crypto Markets

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

AERO lost 18% in value after announcing merger plans with Velodrome. In addition, assets like STRK and FET have also witnessed double-digit declines following previous gains in earlier days.

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

On the other hand, the US Dollar Index is fluctuating around the 100 level, potentially exerting additional pressure on risk-based assets. The crypto market is in search of an effective catalyst to find direction.