Rebound

Ethereum Market Analysis: Funding Rates Point Towards Potential Rebound After Recent Correction

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Ethereum Market Analysis: Funding Rates Point Towards Potential Rebound After Recent Correction

Amid the broader decline in the global crypto market, Ethereum has experienced a significant correction, dropping below the $3,500 price level. However, data from the CryptoQuant platform suggests a possible turnaround for ETH. Funding rates in the futures market have stabilized, indicating renewed confidence among traders and a potential rebound. Ethereum currently trades at $3,310, … Read more

Bitcoin Surges Near $65,000 as Chinese Stocks Rebound Despite Mixed Reactions to Stimulus Plans

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Bitcoin Surges Near ,000 as Chinese Stocks Rebound Despite Mixed Reactions to Stimulus Plans

Bitcoin soared near $65,000, over 3.4% higher in the last 24 hours, following a rise in Chinese stocks amidst mixed reactions to stimulus plans. Despite underwhelming announcements from the Chinese government on economic stimulation, the Shanghai Composite Index rose by over 2%. The upturn in risk sentiment is expected to encourage a continued ‘buy everything’ … Read more