The week in the cryptocurrency market has been marked by significant events, including total market capitalization surpassing $4 trillion. This has been made possible by legislative changes and growing interest in altcoins.
Altcoins Regained Favor
Following BTC's initial surge, the growing risk appetite of traders led to an increase in interest for altcoins. Cryptocurrencies such as ETH and SOL broke significant levels, allowing altcoins to contribute meaningfully to the increase in total cryptocurrency market cap.
ETH Options: Significant Call Advantage
ETH options trading showed a clear dominance of bullish positions. The volume and open interest in call options significantly increased, while the volatility term structure compressed into a tight range of 64-65%. Participation among institutional traders continues to demonstrate confidence in ETH's further rise.
Strong ETH Funding Rates and Rising Corporate Interest
ETH's price has significantly risen from the $1,500 level in April, aided by consistent positive inflows into ETH Spot ETFs and increasing corporate interest in building ETH treasuries. ETH funding rates follow the broader positive trend of the market.
The cryptocurrency market is showing impressive growth, with a historic capitalization exceeding $4 trillion. It is anticipated that interest in altcoins and the growth of blockchain innovations will continue to support positive trends in the future.
