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Florida governorship candidate Byron Donalds proposes Bitcoin reserve for state treasury

Byron Donalds wants Florida to keep Bitcoin as reserves. It's a bold move for the state's finances. Find out if it'll help or hurt Florida's economy.

Bitcoin perpetual funding rates turned slightly negative, reaching an annualized rate of -2%.

Bitcoin has become increasingly correlated with the equities market, which saw significant losses on Monday.

The exchange is also working on launching perpetual-style futures in the U.S. with long-dated expirations.

Despite the decline in assets under management, cryptocurrency prices remain above pre-election levels.

The price action came as the Nasdaq and S&P 500 stock indexes fell sharply early Monday as Trump failed to quell worries about a recession.

The price action came as the Nasdaq and S&P 500 stock indexes fell sharply early Monday as Trump failed to quell worries about a recession.