Bitcoin had a promising start of the week as we aim for $55,000. In tandem with Bitcoin, Ether and other altcoins have also shaken their uncertainty and recovered strongly.
Traders are getting bullish as the funding rate starts heating up some. On Bitcoin perpetual contracts, the rates are currently between 0.0291% (Deribit) and 0.1908% (Bybit), as per Viewbase. As for Ether perpetual contracts, it is between 0.0550% (OKEx) and 0.1939% (BitMEX). However, the funding rates are still far from February levels.
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