Bitcoin funding rate turns slightly negative as markets awaits Fed interest rate decision
quick take
- Futures perpetual funding rates turned negative for the first time since March 14th.
- Bearish sentiment could start creeping in as the 25bps rate hike looks set to be confirmed by the markets at tomorrow’s FOMC meeting.
- Jerome Powell also discusses the new Fed Dot Plot and future economic forecasts and tells us more than a possible 25bps rate hike.
- It’s been the worst year so far for investors who have shorted Bitcoin, but expect more volatility tomorrow.
Post-Bitcoin funding rates are slightly negative as the market awaits the Fed’s interest rate decision, which first appeared on CryptoSlate.