BTC rises to $77,000 after holding $75,000 support, but negative funding, unchanged open interest and cautious positioning signal a lack of conviction.
While its underlying network activity is subtly increasing, XRP is in a complicated state. According to on-chain metrics, the number of active users is getting close to 200,000, with recent readings of about 184,000.
Bitcoin may be showing signs of movement, but the broader altcoin market continues to lag. The total altcoin market cap remains stuck below the $1 trillion mark, reflecting weak participation. At the same time, rising Bitcoin and Ethereum dominance have kept altcoin volume restricted, limiting upside potential.
Bitcoin should get the largest allocation in nearly all crypto portfolios. Ethereum is also a must-buy for the sake of getting exposure to smart contracts.