LIVEAll Bitcoin news for December 6, 2023 🥳
💵 Price:
Bitcoin is currently trading around $44,000, representing a 16% increase over the past week.
This surge follows Jerome Powell's guidance on interest rates, which sparked investor optimism.
🎢 Market:
Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) has approached $5.2 billion, nearing its all-time high.
This suggests growing institutional interest in Bitcoin.
Coinbase stock price is expected to rise as retail investors return to the cryptocurrency market.
The Swiss city of Lugano has officially started accepting Bitcoin and USDT for taxes and other community fees.
This marks a significant step towards mainstream adoption of Bitcoin.
💻 Technology:
A bug fix on the Bitcoin Core network could potentially end Bitcoin Ordinals and BRC-20 tokens.
This has sparked debate within the community about the future of Ordinals and their impact on the blockchain.
🚨 Other notable news:
Cathie Wood's ARK Invest has sold 237,000 Coinbase shares, raising questions about her long-term outlook on the cryptocurrency market.
The market capitalization of ORDI token, associated with Bitcoin Ordinals, has surpassed $1 billion.
☀️Overall:
Bitcoin is experiencing a positive momentum, driven by both price appreciation and increasing institutional interest.
Regulatory developments and technological advancements continue to shape the future of the cryptocurrency.
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