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Crypto Market Maintains Gains Amidst Volatility and Growing Interest👀
In crypto, prices managed to hold on to the gains for the most part, with many futures based ETFs and CME's BTC open interest being at all time highs. BTC prices fluctuated throughout the session, especially on news that Blackrock's ETF was listed on-then off-then on again on DTCC (Deposit Clearing)'s website, but ultimately settled at close to the recent highs at above $34k.
While the irony of welcoming TradFi involvement in crypto as a bull market thesis is not unnoticed by us, but flows ultimately drive price action, and it would appear that there is going to be some leg to this narrative, as sentiment appears to have hit an inflection point. Let's hope that the excitement stays heading into and out of the year-end!
