Bitcoin price today broke out of its long consolidation phase between $58K- $60K to register a new monthly high of $61,276. The price has retraced back to $60,300 at the time of writing as funding rates have started to skyrocket. Rising funding rates are considered bullish as it becomes more costly to long a Bitcoin The post Bitcoin Funding Rates Hit Peak Amid Surge Above $60K, What’s Next? appeared first on Coingape.