I just checked the crypto market and Bitcoin is still hovering around 73K, but honestly the rally toward 80K that some analysts predicted hasn't happened yet. It remains above 70K, which was the key level it previously rejected, but it’s stuck there. It seems traders are consolidating after Wednesday’s move.

What’s interesting is that news about Iran and the United States moved global stocks, and the dollar dipped slightly. But the dollar index has still gained 3.5% since the end of January, so the pressure is still there. This is important because when the dollar strengthens, Bitcoin typically suffers.

In derivatives, open interest in Bitcoin futures rose to 680K BTC, the highest in nearly two weeks, confirming activity. With Ethereum up 1.77% and open interest at its highest since late January, institutional activity is visible. The CoinDesk 5 and CoinDesk 10 indices gained about 3% in 24 hours, but DeFi tokens barely moved.

One thing that caught my attention: MANTRA completed its token migration and 1:4 redenomination, although the price dropped 1.47% in the last day. Privacy tokens are mixed — Monero recently showed strength but is now down 1.73%, while ZEC is down 0.89%. If Bitcoin manages to break toward 80K and consolidate, we’d probably see money flowing into more speculative altcoins, but for now, the crypto market remains cautious.

Funding rates for Bitcoin and Ethereum are still slightly positive, indicating a bullish bias, but XRP and Solana are negative. Implied volatility remains stable, so there’s no panic or extreme euphoria for now.