According to Coindesk, the crypto market failed to recover on Tuesday, with Bitcoin trading around $87,000, down from last week's high of $92,350. Altcoins also underperformed, with several tokens losing over 5% in 24 hours, led by privacy coins like Zcash and Monero. Futures open interest for BTC, ETH, XRP, and SOL declined by up to 6% in the past 24 hours, signaling reduced investor confidence. Bitcoin's 30-day implied volatility index rose relative to the VIX, indicating heightened uncertainty. The altcoin season indicator remains at 24/100, showing continued preference for Bitcoin and select DeFi tokens.
Crypto Markets Remain Weak as Altcoins Extend Losses Amid Investor Uncertainty
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