Bitcoin Pauses Near $64,000 as Funding Rates Hit 20-Month High
Bitcoin held near $64,000 while derivative funding rates reached their highest level in 20 months amid oil price volatility.
Bitcoin stabilised near the $64,000 level as funding rates on derivatives climbed to a 20-month peak. The move came as Brent crude oil jumped to $94 following the expiration of a ceasefire. Markets are awaiting Federal Reserve minutes and a White House cryptocurrency summit scheduled for Wednesday.
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