• Bitcoin stays pinned below $70K as BTC’s negative funding rate flashes warning sign Bitcoin’s negative funding rate and a cooling tech sector in the US add pressure to markets and contribute to BTC failing to trade above $70,000. • Cointelegraph in your social feed Key takeaways: Bitcoin’s futures funding rates briefly turned negative, signaling that bullish traders currently lack the conviction to use leverage. • Bitcoin’s futures funding rates briefly turned negative, signaling that bullish traders currently lack the conviction to use leverage. • Uncertainty regarding the long-term profitability of artificial intelligence has pushed investors toward gold and US government bonds. • Uncertainty regarding the long-term profitability of artificial intelligence has pushed investors toward gold and US government bonds. • Bitcoin (BTC) failed to reclaim the $70,000 level on Tuesday following a retraction in the S&P 500 futures.
Article Summaries:
- Key takeaways: Bitcoin’s futures funding rates briefly turned negative, signaling that bullish traders currently lack the conviction to use leverage. Uncertainty regarding the long-term profitability of artificial intelligence has pushed investors toward gold and US government bonds. Bitcoin (BTC) failed to reclaim the $70,000 level on Tuesday following a retraction in the S&P 500 futures. Traders are concerned that investments in the artificial intelligence sector could take longer to mature, which pressured shares of Nvidia (NVDA US), Apple (AAPL US) and Google (GOOGL US) on Friday. Bearishn
Sources: