Among altcoins, doublezero, plasma, gate token and ethena slumped while zcash added to gains from earlier in the week.
Cryptocurrency prices fell in the past 24 hours, with the CoinDesk 20 Index (CD20) losing 1.7% and all members lower. Token prices were hit by a sell-off in U.S. equities after tech firms Meta (META) and Microsoft (MSFT) raised their AI investment projections, prompting overspending concerns.
Bitcoin BTC$110,417.14 was least changed among the 20 largest cryptocurrencies, dropping 0.2% to just below $110,000 on the 17th anniversary of the publication of its white paper. The next-best performer, ether ETH$3,880.36, fell 1.3% as the broader altcoin market headed into the weekend after an overall weaker seven days.
Directional cues from derivatives are mixed. Bitcoin futures show no clear trends, with funding rates little changed, open interest only slightly lower and the three-month annualized basis remaining subdued.
Options exhibited a shift toward a neutral-to-bearish sentiment in the near term, though, overall, there’s a positive structural bias with a premium being paid for short-term calls.
