Market pulse

Crypto markets are broadly higher, with gains spread across most tracked assets rather than concentrated in Bitcoin alone. Sixty-nine of 100 assets advanced, and the median 24-hour gain was 1.2%, a sign of constructive participation. GTC stood out with a roughly 38% jump, though sharp moves in individual tokens do not define the wider trend. The breadth supports a bullish near-term tone, while the pace and durability of the advance remain uncertain.

Bitcoin rose 1.4% to about $85,950, extending its weekly gain and trading near the upper end of its recent range. Open interest increased 2.6% over 24 hours, suggesting more futures exposure entered as prices climbed. Funding remained modestly positive, indicating longs paid a small premium to shorts, while taker buying and selling were close to balanced. Together, these signals point to a firmer market with some added leverage, but not an exceptionally one-sided rush into bullish positions.

The key test is whether broad participation persists or leadership narrows to a handful of volatile tokens. Bitcoin’s elevated position within its monthly range leaves room for continued strength, but also makes follow-through important. Traders will also be watching whether derivatives exposure keeps rising without a corresponding surge in funding or aggressive buying. Canada’s labour-market report later this week may shape wider risk sentiment, though its effect on crypto is uncertain.