BTC ETF Issuers Get Ducks in a Row, Funding Rates Soar
Jan 2, 2024
Market Update The crypto market commenced 2024 on a high note. $BTC spearheaded the rally, climbing from just above $42k to nearly $46k, setting a new peak in the ongoing bull market. Despite a slight retracement, Bitcoin's price remains over $45k. $ETH, while not matching Bitcoin's pace, has still made considerable bullish strides, now trading around $2,350 after briefly nearing $2,400. ETH's Layer 2 solution, $ARB, is undergoing consolidation following its ascent towards record highs, reflecting the early stages of a Layer 2 rotation seen last week. Similarly, $STX has rebounded, likely in