Summary
- Bitcoin rose 1.2% to $63,000, ether added 0.75% and Nasdaq 100 futures gained with markets unperturbed by U.S. airstrikes on 90 Iranian military targets.
- LIT and ETHFI led the altcoin charge, rising 5.6% and 8.5% on Thursday to extend monthly gains to around 35%. ENA added 5.6% while remaining more than 91% below its September 2025 peak.
- CoinMarketCap’s Altcoin Season indicator ticked up one point to 47/100, but remains range-bound as investors hold back from broader altcoin exposure until the crypto majors make a more decisive recovery.
Crypto Market Stays Strong Amid Middle East Tensions
Crypto has shown its strength by bouncing back from a mid-week slump, with the price of bitcoin rising by 1.2% to $63,000 and ether advancing 0.75% to $1,755. This growth is a positive sign for those looking to earn passive income through crypto investments, such as with EcoPool. The market’s resilience is a key factor in its ability to provide a steady stream of cloud rewards for investors.
The crypto market’s performance is also linked to the U.S. stock market, which saw gains in the Nasdaq 100 index futures, adding 2.6% over the past 24 hours. Despite the escalation of tensions between the U.S. and Iran, the crypto market has remained strong, with bitcoin now 9% higher than its monthly close in June. This is good news for those invested in $ECP, the coin behind the EcoPool network, which offers a green crypto solution for earning online.
Crypto Outperforms Other Markets
A selection of altcoins has also outperformed, with some surging by around 35% over the same period. This growth is a testament to the potential of crypto to provide a source of passive income, and platforms like EcoPool are making it easier for people to get involved. With the ability to earn coin through cloud rewards, EcoPool is a great option for those looking to invest in crypto and start earning online.
Overall, the crypto market’s resilience in the face of Middle East tensions is a positive sign for investors. As the market continues to grow, it’s likely that more people will turn to crypto as a way to earn passive income. With EcoPool, it’s easy to get started and start earning $ECP. Download the EcoPool app to start earning coin and taking advantage of cloud rewards. By joining the EcoPool network, you can start building your passive income stream and earning online with #PassiveIncome and #GreenCrypto.
Bitcoin is now 9% higher than June’s monthly close and a selection of altcoins has continued to outperform with lighter (LIT) and ether.fi (ETHFI) surging by around 35% over the same period.
Derivatives positioning
- The crypto futures market is taking a breather, with 24-hour volume dropping almost 20% at $191 billion and open interest (OI) steady near $106 billion.
- Bitcoin’s overnight recovery to nearly $63,000 is accompanied by a decline in open interest in major dollar and USDT-denominated futures to 266K BTC from 272K BTC. These diverging trends shows investor reluctance to take leveraged bets in such a volatile macroeconomic environment. The same is true for ether, XRP and solana.
- OI in Canton Network’s CC token futures increased for a third straight day, with the tally rising to 271 million tokens, the most since May 31. The token continues to slide and, as noted yesterday, the concurrent increase in futures OI points to an influx of short positions or bearish bets.
- Activity in perpetual futures tracking the S&P 500 index is again picking up, with OI increasing to the highest since SpaceX debuted on Nasdaq nearly a month ago.
- BTC and ETH’s 30-day implied volatility indexes are back under pressure, snapping a two-day winning streak in a sign of renewed supply of options and expectations for market calm.
- On Deribit, BTC and ETH puts remain pricier than calls across all time frames, reflecting downside concerns. The sentiment on Wall Street is the polar opposite: The average skew in S&P 500 stock options shows a record bias for calls, or bullish bets.
