Bitcoin (BTC) traded near $70,000, slipping more than 3% over 24 hours. An intraday high was reported at $73,094 and a low at $74,458, according to market data. The move comes as markets reassess risk sentiment following a temporary rebound tied to a US-Iran ceasefire.
RaveDAO (RAVE) surged 188.40% in the last 24 hours, leading the gainers and signaling a short-squeeze dynamic in derivative markets. Traders cited a cascade of short-covering among Binance traders as a key driver, with elevated shorts contributing to the rapid price surge.
Just (JST), a Tron-based DeFi project, rose 12.09% as its TVL climbed toward $11.01 billion and cumulative burns surpassed 1 billion JST. This improvement reflected rising demand within the Tron DeFi ecosystem and expectations for improved tokenomics.
Siren (SIREN), an AI-driven protocol, advanced 7.15%, aided by futures liquidity and social-media-driven demand. Recent expansion of SIREN’s perpetual futures and rising Asia-Pacific trading demand were cited as factors contributing to short-term volatility.
MemeCore (M) rose 4.00% after a hard fork and expectations of improved network performance. The move reflected ongoing sentiment shifts within the meme-coin infrastructure segment.
Sun (SUN) gained 1.96%. DeXe (DEXE) and TRX added 1.93% and 0.77%, respectively.
Stablecoins also featured among the day’s top movers, with United Stables (U), RLUSD, and USDC showing limited price movement but helping anchor sentiment. Overall, traders navigated a mixed risk environment with selective buying on assets with improved on-chain metrics while caution remained about liquidity and volatility risk.
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