Optimism
$OP

72 Results

Monday morning picked up right where yesterday left off, with BTC 4.02%  surging toward $50k, momentarily touching the key level across several exchanges. The rally appears to be driven by spot market demand, as evidenced by a significant spike in spot volume while funding rates remain muted (see chart below). A substantial portion of this volume is likely entering the market via spot ETFs chasing the positive weekend price action. Concurrently,...

The cryptocurrency market is currently experiencing a downturn, falling 3% overall. Ethereum and select ecosystem projects are bucking the trend, with ETH 6.10%  relatively flat in the last day, trading 0.2% lower at ~$2.6k and hitting a two-month high against Bitcoin as ETHBTC reaches 0.059. Outperformers in the top 100 include ETH NFT marketplace BLUR 11.44%  (+8.7%), layer-two OP 12.12%  (+6.8%), and ETH domain service ENS 32.32%  (5.2%). In contrast, BTC 4.02%  is noticeably underperforming,...