'Violent' Bitcoin breakout due as BTC open interest nears all-time high
Bitcoin futures open interest is almost higher than ever, but
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Interest
Interest Surges in Bitcoin Speculation, But It Might Be Bearish
“This shows more positioning/engagement from investors,” said Florian Giovannacci, head of trading for Covario, a prime brokerage for digital assets. Giovannacci noted that this isn’t a sign of bullish or bearish positioning, though, and that bitcoin basis levels are a better indicator for that. Original Source
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Spike In Bitcoin Open Interest Forecasting A 2021 Bullrun To $69K?
Bitcoin is losing steam on low timeframes as the price is rejected from the $20,000 and seems poised to re-test previous support
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UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases – Economics Bitcoin News
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy
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Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low – Africa Bitcoin News
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in
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California files order against Nexo interest account, says it’s 8th state to take action
The California Department of Financial Protection & Innovation (DFPI) has filed a desist and refrain order against crypto lending platform Nexo as part of its ongoing investigation of companies offering interest-bearing crypto assets accounts. The agency claims it is joining regulators from seven other American states in taking action against
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Fed Interest Rates Hike Spur Crypto Market Liquidations Of More Than $330 Million
The FOMC meeting held on Wednesday and its subsequent results deeply affected the state of the crypto market. Given the large swings
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DeFi platform sees strong interest in halal-approved crypto products
Australian-based crypto platform Marhaba DeFi says there has been a strong take-up of Halal-approved cryptocurrency products on its platform, with aims to release a suite of new products which align with Islamic law by the end of 2022.Launched in 2020, the platform is focused on adhering to the rules of
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Bitcoin Open Interest, Funding Rates Point To Growing Bullish Sentiment
Bitcoin has seen fluctuating sentiment lately. With numerous dips and recoveries, it is no surprise that investors have had a hard time
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Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, Says JPMorgan
The bank said that a key risk for Coinbase realizing its interest income is the possibility of reduced holding of USDC and fiat currency with the exchange. “We see the potential for institutional investors to hold less USDC given the opportunity cost of holding quasi-cash that doesn’t offer a yield.
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