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news-imageJanuary 8, 2025

Bitcoin Open Interest Surges 9% as BTC Climbs Back to $102,000: What's Behind the Spike

Bitcoin has made a remarkable recovery, bouncing back to $102,000, but along with its price surge, the cryptocurrency's Open Interest has also seen a sharp increase. This surge in Open Interest, which measures the total number of outstanding derivatives positions related to Bitcoin, signals that market participants are becoming more active, but it also raises concerns about increased volatility in the market.
Publisher: The Currency Analytics
Sentiment: Positive
BTC

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cover-imageCoinPedia
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How the Bitcoin Freedom Act Could Shield Oklahomans from Inflation?

In November 2024, the US inflation rate grew sharply from 2.6% to 2.7%. In May 2020, it was just 0.1%. In June 2022, it touched a peak of 9.1%. This inflation pattern has adversely affected the value of the US dollar. Inflation, thus, is something that determines the quality of life a working-class professional leads.

Positive
cover-imageThe Currency Analytics
January 9, 2025

Bitcoin Surges Past S&P 500, Signals Potential Bull Market

Bitcoin has recently made waves in the financial world by surpassing the performance of traditional equity markets, notably outpacing the S&P 500 in early January 2025. As of the latest data, Bitcoin (BTC) has been trading at around $100,839, reflecting a 1.39% increase in the past 24 hours and a 7.16% rise over the last seven days.

Negative
cover-imageBenzinga
January 9, 2025

US Government Silk Road Bitcoin Holdings Drop To 0 Amid Report DOJ Approved To Sell $6.5 Billion Worth Of Crypto

The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: BTC) holdings seized from the infamous darknet website Silk Road, according to a Wednesday report. What Happened: The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials.

Negative
cover-imageBitcoinist
January 9, 2025

Is Bitcoin Ready for Quantum Computing? CryptoQuant Weighs In on the Risks

The rapid advancements in quantum computing which sparked growing concerns within the cryptocurrency sector late last year, particularly regarding Bitcoin's long-term resilience seem to have once again resurfaced. CryptoQuant, an on-chain data analytics platform, recently highlighted these risks in a series of posts on X titled “Quantum Computing is a Growing Risk for Bitcoin”.

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