Bitcoin (BTC), ether (ETH) prices hold steady while XMR, HYPE outperform

Crypto markets remain in a low volatility holding pattern, trading in a tight range following Wednesday's CPI print.

Bitcoin (BTC), ether (ETH) prices hold steady while XMR, HYPE outperform

Markets

Bitcoin holds steady near $64,000 as monero, hyperliquid outperform

Crypto markets remain in a low volatility holding pattern, trading in a tight range following Wednesday's CPI report.

By

Oliver Knight

,

Omkar Godbole

|

Edited by

Sheldon Reback

59 min ago

3

min read

Make

preferred on

Share

Share this article

Copy link

X icon

X (Twitter)

LinkedIn

Facebook

Email

Make

preferred on

Bitcoin price (CoinDesk data)

Summary

Show

Bitcoin has added 0.30% since midnight UTC, though the crypto market cap has shed 0.54% over the past 24 hours to $2.18 trillion.

CoinMarketCap’s Fear and Greed index sits at “fear” level of 38 out of a possible 100.

HYPE and XMR are among the altcoins outperforming bitcoin, adding 2.7% and 3.2% respectively since midnight.

Bitcoin held near $63,600 after Wednesday’s in-line U.S. inflation print proved enough to calm nerves, but not enough to move markets decisively in either direction.

The largest cryptocurrency has added 0.30% since midnight UTC, while the broader crypto market capitalization dropped 0.54% over 24 hours to $2.18 trillion.

July CPI came in at 3.4% year over year, matching forecasts. Core inflation also eased, with the annual reading slipping to 2.5% from 2.6%. The producer price inflation figure due at 12:30 UTC may provide more impetus to a lackluster market.

As for U.S. equities, S&P 500 index futures gained 0.13% while Nasdaq 100 futures were little changed.

Derivatives positioning

Futures market churn continues:

24-hour volume stands at $147 billion, up 6% on the day, but cumulative open interest (OI) across all cryptocurrency futures has held flat near $116 billion.

XRP positioning stays elevated:

XRP futures OI is perched at 2.67 billion tokens, the most since October, for a third straight day. The 24-hour cumulative volume delta (CVD) remains negative, pointing to bearish bets being executed at market prices more than bullish ones. These paint a bearish picture, flagging a possible drop below $1. There's a silver lining, though: The annualized perpetual funding rate is near 8%, pointing to a bias toward bullish bets.

ADA and BCH show heavy bearish tilt:

Both coins are seeing funding rates of -10% or lower, pointing to a clear investor preference for bearish positions. They both also show negative 24-hour CVD, indicating aggressive selling. This is particularly notable for ADA, whose OI remains just shy of the recent record high of 2.79 billion tokens, suggesting traders are adding fresh short exposure near record participation levels, not just unwinding old longs.

AVAX flips from gainer to loser:

Avalanche's AVAX, one of the top OI gainers earlier this week, is the biggest OI loser of the past 24 hours. Others include LTC, LINK and SOL.

Implied volatility stays muted:

Options-based implied volatility for bitcoin and ether remains near its recently hit year-to-date lows, suggesting traders aren't expecting a big move in the short term.

Upside bets still surface:

In BTC's case, someone bought a large number of call options at the $65,500 strike, paying $1.07 million in initial premium. This is an ultra-short-term bullish bet; the calls expire Aug. 15.

Token talk

XMR is up 3.15% since midnight UTC at around $404, extending its weekly run of more than 11% as the privacy coin continues to outperform the broader market.

HYPE is up 1.75% since midnight at $57, continuing a steady grind higher with a 2% gain on the week.

FET is up 0.84% since midnight, while NEAR added 0.94%, as a handful of mid-cap altcoins outperform the two largest coins, bitcoin and ether.

CRV is giving back some of Wednesday's surge, falling 8.38% over 24 hours to 25 cents. Still, it remains up more than 22% on the week after breaking above a months-long descending trendline.

DeFi token MORPHO was one of the weaker performers, losing 1.51% since midnight.

Crypto Markets Today

Latest Crypto News

1

Strategy, Metaplanet unrealized bitcoin losses highlight risk of concentrating on just one token

25 min ago

2

MUFG to test real-time blockchain settlement for Japanese government bond trades

1 hr ago

3

Brazil’s largest bitcoin treasury firm plans ETF with 95% allocation to Strategy's STRC

2 hrs ago

4

Live updates: U.S. inflation is stickier than July’s mild CPI reading suggests

2 hrs ago

5

Bitcoin treasury company Metaplanet unveils BitBonds with $1.3 million private debt sale

2 hrs ago

6

Metaplanet denies selling bitcoin worth $320 million

6 hrs ago

7

Bitcoin firms ask AI labs for same tools attackers already have

6 hrs ago

8

Speculation on dogecoin is back to October 2025 levels. The price is down 70%

7 hrs ago

9

Bitcoin slips near $63,500 as traders look past CPI to Fed’s next tests

8 hrs ago

10

Prediction markets should dial back faulty filings for incentives to boost trading: CFTC

12 hrs ago

Latest Research

Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

By

CoinDesk Research

Jun 30, 2026

Commissioned by

GenZcash

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters

:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

View Full Report

More From

Markets

Bitcoin treasury company Metaplanet unveils BitBonds with $1.3 million private debt sale

Metaplanet denies selling bitcoin worth $320 million

Speculation on dogecoin is back to October 2025 levels. The price is down 70%

Crypto

CD20

$1,735.07

CD20 down 1.34 percent

1.34%

BTC

$63,391.91

BTC down 1.06 percent

1.06%

ETH

$1,877.77

ETH down 1.67 percent

1.67%

XRP

$1.00

XRP down 1.35 percent

1.35%

SOL

$75.57

SOL down 1.33 percent

1.33%