The funding rate for Bitcoin perpetual futures has been reset after $370 million in contracts was liquidated. Is that a good sign?
Markets News
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
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Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
3222Bitcoin price is down today as traders realize profits and futures liquidations surge.
2128Bitcoin big players seem ready to buy BTC at any price, while smaller market participants decrease exposure.
4921Bitcoin attempts to recover from significant weekend downside action, with old all-time highs back in place as the BTC price meets resistance.
9656Bitcoin recovered the $68,000 level, triggering buying in NEAR, APT, RNDR and MKR.
6774Bitcoin bulls remain confident despite BTC price hitting its lowest levels since March 6 in a brutal weekend sell-off.
33986Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.
13806The Bitcoin wallet has added 100 BTC tranches regularly since at least November 2022, when FTX collapsed.
8063Bitcoin would still preserve its bull market even if the current BTC price retracement approaches -40%.
33416Bitcoin may have fallen to its lowest levels in over a week, but BTC price optimism is anything but fading.
8940Some suggest a waning ETF narrative and economic data from the United States may have sparked the sudden crypto sell-off.
23660SOL’s bullish momentum persists, but its TVL remains much smaller than some of its competitors.
11430Hayes’ prediction came the same day WIF hit a new all-time high above the $3 mark.
3229Crypto realized gains remained consistent throughout 2023, with only two consecutive months of loss in August and September.
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