2022 ended with a tough record, macro headwinds The start of the new year is to surprise the bears (Bitcoin),ether(ethereum) and altcoin prices. A period of sparse crypto market volatility appears to be coming to an end with an upward breakout.
This increase is particularly noticeable for some altcoins such as LIDO (Sol), When (ADA). The main factors driving the proliferation of these coins are: Upcoming Shanghai Updates (for LIDO) and negative funding rates in futures markets, especially for SOL. Negative interest rates mean most traders are holding his positions short, giving whale buyers an opportunity to execute their stop losses. The funding rates of several other tokens continue to be subject to short-term squeeze.
Keep reading on Cointelegraph
