As Bitcoin breaks $24k, futures open interest increases 11% in 24 hours Quick Take
- Bitcoin breaks through $23,000 on the back of Bidens remarks about the US banking system.
- Futures Open Interest in Bitcoin increases by 11% in 24 hours, with most open interest coming from Binance and CME exchanges.
- In addition, GBTC is up over 3% today, 20% in the past month, and up 54% YTD
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James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.