News:
Bitcoin's Stall at $52K May Foreshadow Imminent Pullback Before Higher Prices: Swissblock
Bitcoin's uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.
By Krisztian Sandor
Bitcoin Open Interest Has Been Rapidly Moving Up Recently
As an analyst in a CryptoQuant Quicktake post pointed out, the BTC Open Interest is very high. The “Open Interest” indicator measures the total amount of Bitcoin futures contracts currently open on all derivative exchanges.
Bitcoin's renewed euphoria as price keeps rising
Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals. The world's biggest cryptocurrency reached $52,749, a high since December 2021.
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