$BTC is at 80,469 USDT, up 3.29% over 24 hours, and $ETH is at 2,424 USDT, up 5.92%. Per Cointelegraph, Bitcoin reached $80.5K as US stocks rallied on midterm election results, and Democrats won the US House. Cointelegraph also reports the CFTC cleared stock perpetual futures for trading on US exchanges. On the security side, hackers behind a recent major exchange hack moved 81% of the stolen $SOL, per Cointelegraph.
Macro calendar: the Congressional Elections event took place this week. Tomorrow at 08:30 ET, US Non-Farm Employment Change has a forecast of 65K (previous 29K), Unemployment Rate a forecast of 4.2% (previous 4.2%) and Average Hourly Earnings a forecast of 0.3% (previous 0.1%). BOJ Governor Ueda speaks at 11:00 ET.
Cost tip: $BTC funding is +0.0060% per 8h, with 62% of accounts long and open interest down 1.2%. Holding 10,000 USDT for 24h at that rate costs about 1.80 USDT when you are paying funding. Check funding before holding leveraged positions overnight, and keep only active trading funds on any exchange.
— BasisBack Research · not financial advice
Macro calendar: the Congressional Elections event took place this week. Tomorrow at 08:30 ET, US Non-Farm Employment Change has a forecast of 65K (previous 29K), Unemployment Rate a forecast of 4.2% (previous 4.2%) and Average Hourly Earnings a forecast of 0.3% (previous 0.1%). BOJ Governor Ueda speaks at 11:00 ET.
Cost tip: $BTC funding is +0.0060% per 8h, with 62% of accounts long and open interest down 1.2%. Holding 10,000 USDT for 24h at that rate costs about 1.80 USDT when you are paying funding. Check funding before holding leveraged positions overnight, and keep only active trading funds on any exchange.
— BasisBack Research · not financial advice
