Bitcoin's price remained stable amid increased trading volume, despite a long-term holder moving $228 million to exchanges. Ether fell 3.4%, contributing to a broader drop in altcoins, with the "altcoin season" index dropping to 26/100. Over $600 million in leveraged futures positions were liquidated, indicating a bearish trend in the market.

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.