Crypto Funding Rates Reset After Bitcoin’s Sharp Pullback From $69K
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.
Memecoin futures took on nearly $90 million in liquidations as prices corrected after a massive rally in the past week.
Local exchanges have previously blamed falling trading volumes on commodities taxes on crypto.
Never before has the RSI been this overbought alongside an above-$60,000 bitcoin price, analysts at The Market Ear explained.
BlackRock’s bitcoin ETF (IBIT) surpassed $1 billion in trading volume Thursday for the fourth consecutive day.
Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors.
Block, Inc. (SQ) stocks were up 13% in after-market trading hours.
BNB holders transferred over $400 million worth of BNB tokens in 24 hours to benefit from cross-chain gaming project Portal’s upcoming airdrop, Arkham Intelligence noted.
The latest price moves in crypto markets in context for Feb. 19, 2024.
The bullish flow is reminiscent of the 2020-2021 bull market when traders consistently snapped up bitcoin calls at levels well above the going market rate.