Market bulletin #1: Bitcoin drops 3.75% as crypto cap holds $2.33T

Total crypto market cap stands at $2.33T with 24-hour volume at $95.45B. Bitcoin trades at $68.2K, down 3.75% in 24 hours but up 3.76% over seven days. Ethereum at $2.0K shows a 24-hour decline of 4.51%, though up 2.83% weekly. BTC dominance holds at 58.54% while ETH dominance sits at 10.25%.

Among top movers, PAXG leads gainers with a 1.45% increase, followed by HYPE (+1.29%) and ASTER (+0.90%). On the downside, ENA falls 9.03%, PUMP declines 8.24%, and MORPHO drops 7.84%.

Longer-dated positioning shows strong bullish sentiment: BTC displays a 2.04 long/short ratio (67.1% long), ETH at 3.02 (75.1% long), and SOL at 3.30 (76.8% long). Options data from Deribit indicates BTC put/call at 0.70 with 60.9% implied volatility; ETH at 0.63 with 81.1% IV.

In fixed income, the 2-year Treasury yield moved to 3.57 (up from 3.54) and 10-year to 4.13 (up from 4.09). Non-farm payrolls reported 158,466 jobs, a slight 0.1% decrease.

DeFi protocol Sentora showed significant growth with TVL surging 48.2% to $1.5B. Sector performance mixed: Filesharing down 3.31%, NFTs & Collectibles down 2.44%, and xStocks Ecosystem declining 4.20%.

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