Bitcoin Stalls Below $83K As Ethereum Breaks Above $2,400 And Altcoins Surge

Bitcoin “stalls below $83K” while altcoins outperform as traders rotate into higher-risk assets, according to CoinDesk.

“Altcoins climb as bitcoin and ether retreat from weekly highs Altcoins outperformed bitcoin and ether on Thursday as traders rotated into higher-risk assets amid improving market sentiment”

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The same report says bitcoin held near a three-month high around “$82,800” after Wednesday’s rally, while ether slipped below $2,400 during European trading hours.

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CoinDesk also links the shift to derivatives positioning, noting total futures volume rising “just 3% to $216 billion” while aggregate open interest (OI) declined 3% to $133 billion.

In parallel, Sherwood News frames the move as a rebound in which “Ethereum broke above $2,400 Wednesday morning,” with open interest across Binance, Bybit, OKX, Deribit, and Hyperliquid jumping to almost $12 billion from $10.7 billion on Wednesday morning.

CoinDesk reports that BTC open interest fell to “762K BTC from 793K BTC,” ending a three-day streak of sustained positioning growth, while DOGE’s OI declined “down 6%” and XRP OI slipped roughly 1%.

The article adds that DOGE’s funding rates remain negative at an annualized rate of around 6%, and it describes DOGE’s 24-hour cumulative volume delta (CVD) as “the most negative among major tokens.”

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It also says TON continues to stand out, with open interest climbing “more than 10% to another record high,” and notes TON’s price briefly reached $2.90 earlier today.

On the options side, CoinDesk says bullish sentiment remains evident on Deribit, where call options at strike levels above $80,000 “continue to dominate 24-hour volume rankings.”

Beyond market moves, Investing News Network reports that Coinbase is “laying off roughly 14 percent of its workforce,” impacting about 700 employees as it restructures to navigate sluggish market conditions.

“Altcoins climb as bitcoin and ether retreat from weekly highs Altcoins outperformed bitcoin and ether on Thursday as traders rotated into higher-risk assets amid improving market sentiment”

CoinDesk

The same source says Strategy leader Michael Saylor told it’s possible the company will sell a portion of its stash of “818,334 BTC,” after a quarter marked by a “US$12.54 billion net loss.”

On the token and infrastructure front, Investing News Network says Coinbase named Centrifuge its preferred tokenization partner on Base, and it quotes the companies’ joint statement that “Centrifuge’s tokenization service enables institutions” to launch vaults without building infrastructure from scratch.

Sherwood News adds that BitMine Chairman Tom Lee said “Crypto Spring, in our view, has commenced,” while also noting his firm “added 101,745 ethereum tokens to its stockpile last week.”