Odaily Planet Daily News: The crypto market has shown signs of stabilization after a sharp sell-off on Tuesday. Bitcoin and Ethereum have rebounded from their recent lows, but the overall derivatives market remains in risk-off mode. On the macro front, the U.S. House of Representatives passed a government funding bill to end part of the government shutdown, boosting U.S. stock futures and global risk assets; precious metals also rebounded in tandem, with gold surpassing $5,000 and silver rising to around $90, with a daily increase of nearly 6%. In the derivatives market, traders continue to reduce risk exposure, with the total notional open interest in crypto futures contracts across the network dropping to $105.9 billion, the lowest since April last year. The 30-day implied volatility for Bitcoin rose to an annualized 53%, the highest since December 1, with open interest in Bitcoin and Ethereum futures decreasing by 0.7% and 2%, respectively. (CoinDesk)
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