Bitcoin Open Interest Soars As Top Crypto Breaks $76,000 – Details

Quick Summary:

Market participants are increasingly optimistic about the future of Bitcoin, with many predicting that institutional interest will only rise as regulatory clarity improves under Trump’s administration.

Record Open Interest Signals Confidence The Open Interest (OI) of Bitcoin, which is the aggregate number of outstanding futures and options contracts, has increased in tandem with its price.

The present market attitude mirrors a bigger trend: Bitcoin has demonstrated resiliency in previous election cycles, frequently reaching new highs following the election.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Open interest Bitcoin Cryptocurrency Market News Trump Btcusd Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 17:00:44 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23472161

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

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