Crypto Market Recap: Prolonged Consolidation, Shorted Altcoins, and Regulatory Scrutiny
With Bitcoin (BTC) and Ethereum (ETH) seemingly stuck in consolidation after recent gains, the crypto market presents a mixed picture today July 17, 2023. The trend of consolidation for these premier assets is offset by major activity in the altcoin market, as the BNB Token faces a heavy shorting according to the perpetual futures data. The funding rates have slipped to their most negative in nearly three months, indicating an intense bearish...
$BNB, Bitcoin, Compound, Crypto market, Cryptocurrencies, Ethereum, Lido