Bitcoin Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66%

As of writing, bitcoin shows no signs of bullish exhaustion, with prices trading above $45,000. The cryptocurrency rallied over 56% in the final quarter of 2023 as speculation gripped the market that the U.S. Securities and Exchange Commission would approve one or more spot-based BTC exchange-traded funds (ETF). Per Reuters, the decision may come as soon as Tuesday.

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• Source: https://www.coindesk.com/markets/2024/01/02/bitcoin-bullish-bets-costlier-than-ever-as-funding-rates-hit-record-66/?utm_medium=referral&utm_source=rss&utm_campaign=headlines