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Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going

9 November 2024
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Whereas crypto belongings booked double-digit beneficial properties throughout this week, with BTC sitting at report highs, funding charges for perpetual swaps on crypto exchanges are a lot nearer to impartial ranges than the market prime in early March, CoinGlass knowledge reveals. Funding price refers back to the quantity lengthy merchants pay shorts to take the alternative facet of a commerce. When funding charges are unfavorable, shorts pay the payment to longs, as this relationship typically happens throughout bearish intervals.



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Tags: 77KBitcoinCryptoFundingHitsMilestoneRallyRatesSuggesttimeTopping
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