![Bitcoin Surges to $71,000 with Stable Funding Rate](https://dadynews.com/wp-content/uploads/2024/05/Untitled-design-4-8-400x250.jpg)
Bitcoin Surges to $71,000 with Stable Funding Rate
Bitcoin is currently trading around $71,000, marking a nearly 9% increase in the past 24 hours. Bitcoin futures market shows no signs of overheating so far According to an analyst’s explanation in a CryptoQuant Quicktake post, BTC’s funding rate has remained relatively low recently. The “funding rate” refers to an indicator that tracks the periodic…