The Chicago Mercantile Exchange (CME), a world leader in derivatives, has seen open interest in Bitcoin futures approach $5.2 billion, just $200 million short of the record high set in late October 2021. According to statistics compiled by Coinglass, the open interest in Bitcoin futures offered by CME has increased
Swiss asset manager Pando takes a giant leap forward in its expansion plans in the U.S. In an official move to enter the competition for the highly anticipated U.S. spot Bitcoin ETF, the business submitted a 19b-4 to the Chicago Board Options Exchange (CBOE) on December 5. As a result
Spot Bitcoin ETF applicants are still on high alert as of Monday night, when BlackRock and Bitwise filed a new ETF S1 prospectus. This change occurred during the week’s strong start, when the price of Bitcoin surged beyond $42,000. Bloomberg ETF Strategist James Seyffart recently updated his readers on the
New data from Bybit Research suggests that institutional investors are suspicious about altcoins, have mixed feelings about ether, and are positive on bitcoin. Institutional investors almost doubled their Bitcoin (BTC) holdings in the first three quarters of 2023. Due to bullish market mood and the expectation that the U.S. SEC
The price of bitcoin has been rising sharply, and it is already approaching the $39,000 threshold. A major contributor to this gain is the recent Binance settlement. At first, the market experienced conflicting signals from the $4.3 billion settlement that Binance reached with the US DOJ. However, the market witnessed
Beginning the month of December on a positive note, the price of Bitcoin (BTC) soared beyond $38,500 and is closing in on the $39,000 mark. Once again, Bitcoin showed extraordinary endurance, recovering most of the losses sustained in the catastrophic 2022 market meltdown. As of late, it has eclipsed $38,500,
Michael Saylor, the chairman of MicroStrategy has announced the purchase of a further 16,130 BTC for about $593.3 million, or $36,785 per Bitcoin. According to the report, the corporation has grown its Bitcoin holdings to 174,530 BTC as of November 29. These holdings were bought for over $5.28 billion, or
In a recent report by the British multinational bank Standard Chartered, a bold prediction has emerged regarding the trajectory of Bitcoin’s value. The bank projects a staggering surge in Bitcoin’s worth, estimating it to reach an impressive $100,000 by the close of 2024. This forecast stands as a reaffirmation of
Despite recouping a significant portion of the losses sustained during the catastrophic market collapse of 2022, Bitcoin’s price has seen significant volatility this year. Compared to its value on January 1, 2023, the current price of Bitcoin is over $38,200, a rise of 130%. Some market watchers think BTC’s rise
In the midst of increased regulatory scrutiny within the cryptocurrency sector, Bitcoin (BTC) has displayed a spring, maintaining a consolidation level between $36,000 and $37,000. Recent market data reveals that Bitcoin reached a new yearly high of $38,307 on Friday, signaling its steadfastness in the face of ongoing challenges. CoinShares’
