Crypto Market Bounces Back to Green Amid Geopolitical Uncertainty

The cryptocurrency market has shown signs of recovery after a period of pressure from geopolitical sentiment and global volatility.

Data shows that Bitcoin's 30-day correlation to the S&P 500 index has reached 81%, indicating that global risk sentiment plays a big role in cryptocurrency price movements.

The surge in open interest in the derivatives market is also a sign of new positions being opened, not just old ones being closed. This increase indicates investor interest and participation in the crypto market.