Jamie Crawley is a CoinDesk news reporter based in London.
Still, BTC remained about 3% lower in the last 24 hours. Altcoins suffered greater losses, with the CoinDesk 20 Index's measurement of the broader crypto market down over 3.5%. Explanations for the slide range from profit-taking following the rally earlier in the week to a dip in Donald Trump's election victory odds on Polymarket. Traders have also been looking at tech earnings, tensions between Iran and Israel and a sharp rise in U.K.
, with some observers suggesting the increase reflects hedging positions among traders who've also bet on a victory for Donald Trump. Ethereum futures funding rates are showing a slight upward trend, which may reflect renewed bullish sentiment.Despite the recent uptick, the levels remain way below those seen in March.
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