BTC and ETH Steady as Aster DEX Hits $64B in Leveraged Volume
Bitcoin (BTC) and Ethereum (ETH) edged higher on Tuesday as derivatives data pointed to a tentative bullish bias, while the newly launched decentralized exchange Aster saw massive leveraged trading despite limited token performance.
BTC traded near $112,900, up 0.78% in 24 hours, while ETH hovered around $4,150, gaining 1.1%. Futures open interest for the two major cryptocurrencies rose from $29 billion to $31 billion, signaling cautious optimism among traders.
The spotlight shifted to altcoins, where Aster recorded $64 billion in daily trading volume. The platform’s offerings of up to 300x leverage attracted significant activity, even as its native token struggled to show meaningful price gains.
The session illustrates a market in consolidation following Monday’s recovery, with both institutional and retail participants monitoring BTC/ETH derivatives and high-leverage platforms for early signs of momentum.
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