The market currently shows a clear positive momentum, with price consolidating near the resistance area. If buying pressure continues, we expect to see a potential breakout of the nearby resistance level. 👀📈
⚠️ This is not financial advice, but an analytical perspective based on the current price movement.
50 countries participating in customs tariff negotiations, U.S. official suggests easing rhetoric
According to Block Bates, director of the U.S. National Economic Council, Hasit noted that more than 50 countries are currently involved in negotiations regarding customs tariffs. He suggested that it is time to moderately ease the rhetoric surrounding customs tariffs $BTC $ETH $SOL #TrumpTariffs #newscrypto
**"Market Reversal Warning: Funding Rates Drop to Levels Indicating Trader Pessimism"**
According to BlockBeats, data from Coinglass indicates that current funding rates in major centralized and decentralized exchanges suggest a bearish trend in the cryptocurrency market. The accompanying charts illustrate the funding rates for major cryptocurrencies. Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, and they are typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between traders taking long and short positions, without the platform collecting these fees. It aims to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the prices of the underlying assets.