Bitcoin’s Open Interest at $37.66B Signals BTC’s Potential Surge Above $100,000
Bitcoin open interest has surged to an all-time high of $37.66 billion, signaling strong market interest and activity as highlighted
Bitcoin (BTC) is the pioneer cryptocurrency launched by pseudonymous Satoshi Nakamoto in 2009. While Bitcoin remained an alien in the initial phase without much recognition, it soon emerged as a game changer that revolutionized the financial sector.
Bitcoin introduced the idea of a decentralized payment network that eliminates the need for a third party. Bitcoins are created, distributed, and stored on a decentralized ledger called blockchain. Leveraging the peer-to-peer (p2p) technology eliminates the presence of a central authority such as banks; bitcoin is open-source.
The smallest unit of Bitcoin is named by the inventor’s name- satoshi. Notably, 1 satoshi is 0.00000001 BTC. BTC has a maximum supply of 21 million tokens and the Bitcoin Halving event controls the rate at whch new tokens injected.
Bitcoin is not only known as a pioneer crypto, but it is also praised by many experts for its store of value and is considered a hedge against inflation. Read more on CryptoTale to learn how Bitcoin influences the crypto market and the global economy.
Bitcoin open interest has surged to an all-time high of $37.66 billion, signaling strong market interest and activity as highlighted
Medical manufacturer Semler Scientific announced today that it has purchased an additional 247 bitcoins for an aggregate of $17 million
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Bitcoin has surged above $71,000, marking a significant milestone in the cryptocurrency market. According to CryptoRank, a top analytic firm,
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Recent insights from multiple analysts and research reports underscore significant developments in Bitcoin’s price movements and market sentiment. For instance,
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