Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
The largest crypto's price was nearing $58,000 late in the U.S. trading session, up 1.7% in the past 24 hours and higher by nearly 10% from last Friday's low. Etherwere the biggest gainers among altcoin majors, advancing 5%-8%. The broad-market benchmark CoinDesk 20 Index climbed 1.3% to 1,835, with 16 out of its 20 constituents advancing during the day.that crypto gets a mention during tonight's U.S.
While investors are still fearful of further downside, one reliable metric foreshadows a significant rally in the coming weeks and months, a "In the past, monthly funding rates hitting negative levels have coincided with a market bottom," K33 analysts Vetle Lunde and David Zimmerman wrote.
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