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

Fibo Quantum

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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