Bitcoin Bears Cap BTC At $70K Despite Negative Funding
Bitcoin’s negative funding rate and a cooling tech sector in the US add pressure to markets and contribute to BTC failing to trade above $70,000.
COINTELEGRAPH IN YOUR SOCIAL FEED
Key takeaways:
Bitcoin’s futures funding rates briefly turned negative, signaling that bullish traders currently lack the conviction to use leverage.
Uncertainty regarding the long-term profitability of artificial intelligence has pushed investors toward gold and US government bonds.
https://cointelegraph.com/...
Bitcoin’s negative funding rate and a cooling tech sector in the US add pressure to markets and contribute to BTC failing to trade above $70,000.
COINTELEGRAPH IN YOUR SOCIAL FEED
Key takeaways:
Bitcoin’s futures funding rates briefly turned negative, signaling that bullish traders currently lack the conviction to use leverage.
Uncertainty regarding the long-term profitability of artificial intelligence has pushed investors toward gold and US government bonds.
https://cointelegraph.com/...
2 months ago
