Market Wrap: Ether Falls Despite Merge Anticipation; Bitcoin Climbs as Investors Await Inflation Data

Market Wrap: Ether Falls Despite Merge Anticipation; Bitcoin Climbs as Investors Await Inflation Data


ETH funding rates were positive each day between May 1 and Aug.14, and negative for every day but five since then. According to data from the FTX exchange, the average annualized 30-day funding rate for ETH is -12.16%, while the average annualized funding rate over 90 days is currently -5.65%. By comparison, ETH’s all-time funding rate is 13.03%.

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