Bitcoin tops $80,000 as altcoins rally and risk appetite returns
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- Bitcoin rose above $80,000, trading around $80,690, marking a >1% gain since midnight UTC.
- Ether hovered at $2,370, failing to breach April’s high of $2,460.
- Cardano futures open interest jumped 18% to 2.17 billion tokens, with funding rates at an annualized 9%.
- TON open interest surged 40% to a record 200.2 million tokens, showing the strongest 24‑hour CVD among top 30 tokens.
- Nasdaq 100 futures up 0.5% in pre‑market trading, indicating risk‑on shift.
- S&P 500 futures up 0.3% in pre‑market trading, mirroring Nasdaq’s move.
Why it matters: Crypto traders and high‑risk investors gain as Bitcoin breaks $80k and altcoins rally, while hedge funds with short BTC positions risk losses if spot demand fades; rising open interest tightens liquidity, heightening price volatility.
