Bitcoin slips to $79,000, DOGE leads majors losses as negative funding rates set 10-year record

May 8, 2026 - 06:45
Bitcoin slips to $79,000, DOGE leads majors losses as negative funding rates set 10-year record
The longer the funding rates stay red, the louder the short squeeze gets. Bitcoin BTC$79,605.80 traded at $79,614 in Asian hours Friday, down 1.6% over 24 hours but still up 3.3% on the week, after pulling back from a Wednesday high of $81,500 that was the highest print since late January. Ether dropped 2% to...

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