BTC, ETH Climb Steadily as Aster Volume Soars to $64B on High Leverage

BTC, ETH Hold Steady as Aster DEX Hits $64B in Leverage-Driven Volume

Bitcoin (BTC) and Ethereum (ETH) edged higher on Tuesday amid a cautious bullish tilt in derivatives markets, while the new decentralized exchange Aster saw massive activity fueled by extreme leverage despite muted token performance.

BTC traded near $112,900, gaining 0.78% over 24 hours, and ETH hovered around $4,150, up 1.1%. Futures open interest climbed from $29 billion to $31 billion, indicating growing optimism among traders.

Altcoin activity dominated the session, with Aster reporting an eye-catching $64 billion in daily trading volume. Traders flocked to the platform’s offerings of up to 300x leverage, even as the native token struggled to gain momentum.

The market appears to be consolidating following Monday’s recovery, with both institutional and retail participants closely monitoring BTC/ETH derivatives flows and high-leverage altcoin platforms for early signals of further momentum.