Last night I saw Bitcoin jump significantly by almost 2%, while traditional markets were under considerable pressure. The futures on Nasdaq and S&P 500 dropped more than 1.5%, and oil surged to $115 per barrel. Gold and silver also lost some ground, so investors clearly favored the dollar over traditional safe havens.

What caught my attention: Bitcoin actually remained quite strong despite all the chaos. The futures market didn't really participate in the rally; open interest in Bitcoin futures stayed stable around 650,000 BTC. I saw a bit more activity in Ethereum futures with 13 million ETH. XRP drew some attention with open interest jumping to 1.72 billion tokens, the highest since February. Put options remained somewhat more expensive than calls, so traders were still worried, but nothing extreme.

The altcoin market was quite positive last night. DASH jumped sharply, ZEC as well, although XMR faced some headwinds. ETHFI and MORPHO performed better than Bitcoin and Ethereum. CoinMarketCap's altseason indicator was at 36/100, significantly higher than the February low. The Computing Select Index ( with LINK and TAO) did well, gaining a few percent.

On the other hand, WLFI lost a lot of value, dropping to the lowest point since launch. WLD recovered somewhat with a small gain. Interesting how the altcoins behave so differently on such a turbulent day.