Bitcoin funding rate turns slightly negative as markets awaits Fed interest rate decision

Bitcoin funding rate turns slightly negative as markets awaits Fed interest rate decision

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Quick Take The futures perpetual funding rate has turned negative for the first time since March 14. Bearish sentiment could start to creep in as a 25bps rate hike looks to be confirmed by the markets for tomorrow’s FOMC meeting. Jerome Powell will also discuss the new fed dot plot and future…

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