Institutional Participation in Crypto Hit Record Low after FTX, but Data Indicates a Resurgence
The rise in Bitcoin CME futures open interest suggests an influx of institutional investors into the digital asset space.
BTC$62,423.00-0.16%
ETH$1,660.95+0.09%
USDT$0.99870.00%
USDC$0.9998+0.01%
XRP$1.09-2.08%
SOL$68.95-0.35%
TRX$0.3309+0.49%
FIGR_HELOC$1.03-0.15%
HYPE$61.92-1.53%
DOGE$0.0783-1.44%
USDS$0.9995-0.01%
RAIN$0.016+1.42%
LEO$9.54+0.12%
ZEC$412.09-2.99%
XLM$0.1902-1.48%
BTC$62,423.00-0.16%
ETH$1,660.95+0.09%
USDT$0.99870.00%
USDC$0.9998+0.01%
XRP$1.09-2.08%
SOL$68.95-0.35%
TRX$0.3309+0.49%
FIGR_HELOC$1.03-0.15%
HYPE$61.92-1.53%
DOGE$0.0783-1.44%
USDS$0.9995-0.01%
RAIN$0.016+1.42%
LEO$9.54+0.12%
ZEC$412.09-2.99%
XLM$0.1902-1.48%
In Q4, Musk’s Tesla manage to beat revenue expectations and held on to all of its remaining BTC.
The rise in Bitcoin CME futures open interest suggests an influx of institutional investors into the digital asset space.
Bitcoin open interest has dropped more than 25% so far this year.
While this week brought many dramatic developments across the crypto industry, the January rally continued and Bitcoin reached its highest price since September on Friday afternoon.
Thiel’s Founders Fund reportedly sold most of its Bitcoin in March 2022 shortly before the LUNA crash dropped its price from $40,000 to $30,000.
The correlation between BTC and U.S. equities has been declining following the past week's strong rally in the crypto market.
The stock and crypto markets have surged higher so far in 2023 amid the weakening US Dollar.
Crypto market held onto its gains Friday after rising sharply Thursday following the cooler CPI report.
The crypto market has moved higher amid optimistic projections ahead of the CPI reading.
While Bitcoin is experiencing record stability, altcoins like Lido Finance's LDO and Solana make impressive gains.
Today marks exactly 14 years since the first Bitcoin block was mined by the pseudonymous developer Satoshi Nakamoto.
Bitcoin miners can use specialized instruments to hedge their exposure to bitcoin's volatility and surging energy costs.
Bitcoin mining companies are struggling with shrinking revenue amid plunging cryptocurrency prices and skyrocketing energy prices.