The crypto market remains on pause after that Wednesday move. Bitcoin continues to hover around $73K, holding well above the $70K but not gaining that push toward the $80K that some analysts expected. Ether also rose slightly, less than 1%, so most are consolidating positions.

The interesting part is in derivatives. Open interest in Bitcoin futures increased significantly, reaching 680K BTC, the highest level in nearly two weeks. Ether also shows activity with 13.41 million in open interest. But in XRP and Solana, things are calmer, with little movement. Funding rates in perpetual contracts remain slightly positive for BTC and ETH, indicating a bullish bias, although XRP and SOL are in negative territory.

Regarding individual tokens, MANTRA was the one that exploded after its migration and redenomination 1:4, gaining 25% in 24 hours. Privacy tokens like Monero are starting to recover after falling in February, although ZEC still shows little movement. The main indices CoinDesk 5 and CoinDesk 10 rose around 3%, but DeFi and computing barely moved.

Globally, stocks responded well to reports about negotiations between Iran and the United States, which caused the dollar to fall. But the dollar index continues to accumulate a 3.5% increase since the end of January. If Bitcoin manages to break upward and consolidate, there could be rotation into more speculative altcoins, but for now, the market remains cautious. SpaceX still holds 8,285 bitcoins in custody, valued at approximately $80K million, even after reporting losses close to the $603 billion for 2025.