Bitcoin Climbs 1.1% to $65,760 as Crypto Resists Brent’s Surge to $97.66
Updated
Updated · CoinDesk · Jul 24
Bitcoin Climbs 1.1% to $65,760 as Crypto Resists Brent’s Surge to $97.66
1 articles · Updated · CoinDesk · Jul 24
Summary
$65,760 marked bitcoin’s intraday high after a 1.1% gain since midnight UTC, while ether rose as much as 1.6% and the broader crypto market stayed mostly green.
Brent crude hit $97.66 a barrel—its highest since mid-May—as the Iran conflict persisted, yet crypto held up better than in prior oil spikes that had rattled risk assets.
$165 billion in 24-hour volume rose 11% while total open interest stayed near $116 billion, pointing to churn rather than fresh directional positioning.
Dogecoin futures open interest neared 16 billion tokens as spot prices weakened, while ether open interest climbed to 14.53 million ETH with mixed signals from bullish funding and negative CVD.
$5 billion of bitcoin options open interest clustered at $70,000-$72,000 on Deribit, mostly in calls, even as weakness persisted in parts of the altcoin market including WLFI, AVAX, HBAR and SUI.