World & BusinessCrypto market reportedly reclaims $3 trillion for the first time since January
Bloomberg reports that traders are piling into leveraged bets in perpetual futures, increasing the risk of rapid price swings as Bitcoin’s rally lifts the broader market.
TLDR
Digital assets have reclaimed $3 trillion in market value for the first time since January following Bitcoin’s rally, Bloomberg reports. But traders are also piling into leveraged bets in perpetual futures—a development the outlet says increases the risk of rapid price swings.
Crypto market reportedly reclaims $3 trillion for the first time since January
Bloomberg reports that traders are piling into leveraged bets in perpetual futures, increasing the risk of rapid price swings as Bitcoin’s rally lifts the broader market.
TLDR
Digital assets have reclaimed $3 trillion in market value for the first time since January following Bitcoin’s rally, Bloomberg reports. But traders are also piling into leveraged bets in perpetual futures—a development the outlet says increases the risk of rapid price swings.