Bitcoin, Ethereum Slide as Stablecoin and Derivatives Activity Signals Rising Volatility

The cryptocurrency market moved broadly lower Thursday, with Bitcoin (BTC) and Ethereum (ETH) both posting near-3% declines as trading activity shifted toward 'stablecoins' and derivatives—often a sign that investors are bracing for higher volatility and tightening risk exposure. According to TokenPostMarket data, Bitcoin was changing hands at $60,722, down 2.98% over the past 24 hours.