A fresh wave of pessimism is sweeping across crypto markets, but the mood shift may be doing more good than harm.
Retail Mood Sours Amid Crypto Selloff, Flashing Short-Term Bottom Signals for BTC, ETH, XRP
A fresh wave of pessimism is sweeping across crypto markets, but the mood shift may be doing more good than harm.
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The renewed bearish flip in funding rates comes amid risk-off in Wall Street's tech-heavy Nasdaq index.
Bitcoin's value dropped over 2%, dragging the broader market lower.
BitGo says USDS is an "open participation" stablecoin that provides rewards to institutions for providing liquidity to the ecosystem.
The total market cap of the 14 publicly-listed U.S. bitcoin miners that the bank tracks dropped 22% last month, the report said.