Coinbase has introduced 24/7 trading for Bitcoin and Ethereum futures, capitalizing on the growing demand in the derivatives market. This announcement follows their recent acquisition of Deribit, highlighting the exchange's strategic move to enhance its offerings in a trillion-dollar market.

Bitcoin has dipped to $122,000, marking a 3% pullback from recent highs, while major altcoins like XRP and ADA experienced even greater declines. Analysts warn that the current crypto rally appears overheated, with strong BTC inflows and derivatives activity suggesting a potential short-term market shakeout. The pullback follows a significant surge in Bitcoin prices, raising concerns about sustainability and market stability.