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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Hometown on April 11, 2021, 09:45:37 AM

Title: Bitcoin Funding Rates Hit Peak Amid Surge Above $60K, What’s Next?
Post by: Hometown on April 11, 2021, 09:45:37 AM

Bitcoin price today broke out of its long consolidation phase between $58K- $60K to register a new monthly high of $61,276. The price has retraced back to $60,300 at the time of writing as funding rates have started to skyrocket.
Bitcoin price has been in the consolidation phase ever since reaching its new ATH of $61,683 on March 17 and has been the case this bull season, the top cryptocurrency is trying to retest its previous ATH after 4 weeks of consolidation.source (https://cryptonews.net/530442/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)