Futures tracking the lesser-known token saw $68 million evaporate in leveraged bets in a 24-hour period.

Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday.

Speculation has been ramping up that regulatory approval for a U.S.-based spot bitcoin ETF is coming this week.

Bitcoin slipped below $42,000 on Friday, stalling below its yearly high.

The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 29, 2023.

“These coins, often inspired by internet culture and humor, go beyond mere utility assets,” the foundation said.

More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

Net outflows from exchanges are often taken to represent investors' intention to hold coins for long-term.

Traders were moving capital from SOL to stablecoins suggesting profit taking, one analyst said in an interview.

Bitcoin [BTC] is expected to experience a period of downside following a potential ETF approval over the coming weeks as trader's unrealized profit