Bitcoin reaches $111K in November but concerns about a bear market remain
Bitcoin reached an impressive $111,000 for the first time in November, and traders are hopeful that the upward trend will continue over the weekend. However, Bitcoin whales have started moving their BTC again, creating some selling pressure on Coinbase. The bulls haven’t managed to reclaim the crucial support level above $111,200 yet. Key recovery levels […]
XRP Update: Spot ETF Guidelines May Open Mainstreet Access; BTC at $111k
Bitcoin and Micro Strategies Take Center Stage XRP experienced a decline as investors awaited the approval of the Spot ETF, but MicroStrategy (MSTR) gave Bitcoin (BTC) a well-timed boost. On Tuesday, September 2nd, Michael Saylor, the Founder and Chairman of MicroStrategy, revealed that his company acquired 4,048 BTC at approximately $110,981 each, resulting in a […]
XRP Update: Token Breaks Losing Trend on ETF Approval Expectations; BTC Reaches $111k
As Spot ETF Inflows Boost Sentiment, Bitcoin Reaches Four-Day High XRP remained steady as the approval for Spot ETFs loomed, yet it was the rising demand for these ETFs that propelled Bitcoin (BTC) to new heights. According to Farside investors, the U.S. BTC spot ETF market wrapped up a lackluster month for BTC holders, registering […]
Bitcoin open interest reaches all-time high as BTC falls below $111K
Bitcoin Futures Open Interest (OI) has hit a record high for crypto derivative exchanges, as traders are increasingly optimistic that cryptocurrencies will reach new historical highs. On May 23rd, open interest for Bitcoin (BTC) futures rose to just over $80 billion, according to Coinglass. Since their introduction in May, derivate speculators have ramped up their […]