Bitcoin, Ethereum Funding Rates Remain Negative Amid Market Volatility

[Jaya60]

Negative market sentiment is causing derivative funding rates to remain negative—but this could provide an opportunity for traders. The funding rates for Bitcoin and Ethereum, the leading cryptocurrencies by market cap, remain negative for derivative traders, suggesting a potential short-term bull signal.

The Federal Reserve’s recent interest rate hikes and plans for future tightening of policy have placed increased pressure on markets across the globe. This past Friday, Federal Reserve Chairman Jerome Powell reiterated his intent to counter inflation with higher interest rates in the near future. Markets reacted sharply to inflation news in May and have continued to slowly make new lows amid a summer of economic turmoil.more

[Power420]

Bitcoin The non-profit is effectively a filmmaking DAO, with members earning the project’s native FILMCredits token through participating in community activities such as reviewing scripts and film trailers. They can then spend their credits on Bitcoin putting forward a project for funding awards, which are voted on by the community (with a board of judges having the final say). If a project that’s been funded by DCP turns a profit, its share is then reinvested in funding future of Bitcoin awards.