Bitcoin moved within a narrow range ahead of a కీలక geopolitical meeting between U.S. President Donald Trump and Chinese President Xi Jinping, with crypto markets remaining steady despite broader macroeconomic pressures.

The top cryptocurrency traded near $80,900, up roughly 0.5% since midnight UTC, tracking modest gains across major indices. Market behavior points to continued strength in large-cap assets, while participation in the wider altcoin space remains uneven.

Focus is firmly on the Trump–Xi talks, expected to address trade tensions, rare earth supply chains, and geopolitical developments. Even limited progress could help lift investor sentiment and provide a boost to risk assets.

Ether gained 1.3% to trade around $2,300, supported by the Ethereum Foundation’s launch of “Clear Signing,” a new feature aimed at protecting users from approving malicious transactions unknowingly.

Altcoins showed pockets of strong performance. Injective’s INJ token jumped as much as 24%, marking its biggest rally in months, while Polkadot’s DOT and the TRUMP memecoin climbed करीब 5%.

Derivatives markets reflected renewed activity. BNB futures open interest rose more than 5% to 6.15 million tokens, reaching its highest level since early April, signaling fresh inflows. Zcash also stood out, posting the strongest growth in open interest among major tokens alongside a positive cumulative volume delta, indicating aggressive buying interest.

Despite rising participation, BNB’s funding rates remain below an annualized 10%, suggesting a healthy bullish environment without excessive leverage. Its market capitalization has climbed to $92.2 billion, the highest since mid-March.

Dogecoin is also gaining traction, with open interest increasing 5.75% to 15.38 billion tokens. The token rose about 4% to $0.11, supported by a bullish crossover between its 50- and 100-day moving averages, signaling improving momentum.

Ether continues to draw attention in derivatives markets, with futures open interest surpassing 15 million ETH, approaching record highs. Combined with tightening Bollinger Bands, this points to the potential for a volatility surge.

Bitcoin, however, has seen relatively stable positioning. Open interest has held near 740,000 BTC over the past 24 hours, suggesting traders are less aggressive in repositioning compared to altcoins.

Still, underlying caution remains. Most tokens—excluding BNB, XRP, and TRX—are recording negative cumulative volume deltas, indicating that selling pressure through market orders continues to dominate in parts of the market.

Macro risks such as persistent inflation and rising global bond yields remain a concern. However, volatility indicators suggest traders are not anticipating immediate disruption. Bitcoin’s 30-day implied volatility remains around 40%, while ether’s has dipped below 55%, both near multi-month lows.

In options markets, higher-strike call options continue to dominate trading volumes, reflecting bullish expectations. At the same time, traders are using strategies like put spreads and straddles to hedge downside risks and prepare for potential volatility expansion.

Meanwhile, sentiment in decentralized finance is stabilizing. Tokens tied to major protocols have rebounded over the past week, with Aave gaining 3%, Arbitrum rising 16%, and Lido advancing 11%.

Arbitrum’s recovery follows the Kelp DAO exploit, which disrupted its ecosystem through the issuance of unbacked rsETH via a compromised bridge. The incident was later linked to North Korea’s Lazarus Group.

Recovery efforts are progressing. The unbacked rsETH supply has been eliminated, and affected Aave positions have been liquidated. Around 117,000 rsETH—valued at approximately $278 million—is set to be gradually restored to the bridge, with withdrawals expected to resume shortly.

Separately, about 30,765 ETH, worth roughly $71 million, remains frozen under legal oversight. A U.S. court has approved transferring the funds to an Aave-controlled wallet, though the assets will remain restricted pending further legal proceedings.

Overall, crypto markets continue to demonstrate resilience, with investors cautiously balancing optimism around potential upside against ongoing macro and geopolitical uncertainty.