Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going

"The largest and oldest crypto eked out a new record price of $77,105 during U.S. trading hours, according to the CoinDesk Bitcoin Index (XBX), though it's only eked out a 0.2% gain over the past 24 hours."

"DeFi stands to gain the most from more accommodating digital asset regulations in the U.S. that crypto market participants hope for from a new administration led by Trump."

"Funding rates for perpetual swaps on crypto exchanges are much closer to neutral levels than the market top in early March, CoinGlass data shows."

"Zero signs of market froth in funding rates," noted Sean Farrell, head of digital asset strategy at Fundstrat.

Read at Coindesk