Bitcoin rangebound as altcoins rally while derivatives signal downside risk: Crypto Markets Today
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By Oliver Knight
Published on April 3, 2026.
The crypto market continued to be volatile, with bitcoin BTC $ 66.726,86 trading at $67,000, according to reports. Altcoins including ALGO and RENDER saw double-digit gains over the past 24 hours. However, the broader picture remains unchanged, with futures markets for Bitcoin and Ether largely subdued. Open interest in Solana futures has risen to its highest level since Feb. 7, indicating traders are positioning for downside. Meanwhile, Bitcoin's 30-day implied volatility index has dropped to 51.28%, the lowest since February. On Deribit, bitcoin and ether puts continue to trade pricier than calls, indicating a bias for downside protection.
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