Bitcoin held a tight trading range near $67,000 while altcoins rallied on low liquidity, but derivatives data and options skew suggest traders are bracing for potential downside. The CoinDesk 20 index showed mixed performance with NEAR Protocol gaining 5.8% and Avalanche climbing 3.6%, while Bitcoin traded relatively flat. March jobs data smashed expectations with 178,000 jobs added, yet Bitcoin continued trading near the $67,000 level following the strong economic report. The Ethereum Foundation completed a significant milestone by staking another $93 million worth of ether, reaching its 70,000 ETH target in a single session to turn dormant treasury holdings into yield-generating positions. Meanwhile, Elon Musk's X platform announced deployment of a 'scam kill switch' that will automatically lock accounts making first-time crypto mentions to combat phishing attacks. Analysts warn that extended consolidation could test investor patience as long-term holder trends suggest a maturing bear market despite some positive regulatory developments.
Crypto Consolidates as Volatility Cools and Futures Markets Turn Bearish
C
CoinDesk
Friday, April 3, 2026·5 min read·Markets
#bitcoin#ethereum#derivatives#consolidation
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