Bitcoin slips to $79,000, DOGE leads majors losses as negative funding rates set 10-year record
Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research.
Given the prolonged negative funding rates and recent geopolitical tensions, further downward pressure on Bitcoin and DOGE prices is likely. Traders may continue to sell off positions, leading to potential declines in both assets.
Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research.
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