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Fast Take
The futures perpetual funding price has turned unfavorable for the primary time since March 14.
Bearish sentiment may begin to creep in as a 25bps price hike seems to be to be confirmed by the markets for tomorrow’s FOMC assembly.
Jerome Powell may even talk about the brand new fed dot plot and future financial projections, which can inform us greater than a possible 25bps price hike.
Buyers who’ve been brief Bitcoin have had a horrible yr to date, however we are going to count on lots of volatility tomorrow.
The publish Bitcoin funding price turns barely unfavorable as markets awaits Fed rate of interest resolution appeared first on CryptoSlate.
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