Bitcoin News Official Today TheBitTimes.com

The surge in CME Bitcoin futures OI has helped the regulated derivatives platform attain a 25% market share in Bitcoin futures. The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges. CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exchange platform to jump two positions from the last week. CME overtook Bybit and OKX with $2.6 billion and $1.78 billion in OI, respectively, and is just a few million away from Binance’s OI of $3.9 billion. Bitcoin Futures Exchange rankings by Open Interest. Source: Coinglass The standard Bitcoin futures contract offered by CME is valued at five BTC, whilst the micro contract is worth a tenth of a Bitcoin. Perpetual futures, as opposed to ordinary futures contracts, are the main focus of open interest in offshore exchanges as they come without an expiration date and use th...

The last time Bitcoin saw such a long streak of green candles was July 2021, during the height of the pandemic. Bitcoin (BTC) has clocked eight straight days of increasing prices and has surge d back above $18,000 for the first time since mid-December. The cryptocurrency hadn't recorded such a prolonged winning streak since July 2021, at the height of the COVID-19 pandemic.  Seven day Bitcoin price chart. Image: CoinMarketCap Over the last seven days, the price of BTC has increased nearly 8%, with a 4.1% surge in the last 24 hours at the time of writing. Bitcoin gained 300% in year before last halving — Is 2023 different? BTC's price has fallen nearly 65% over 2022. The wider crypto market also faced headwinds resulting from numerous bankruptcies and collapses in the space over 2022. Source: https://thebittimes.com/let-s-go-bitcoin-surges-above-18k-to-cap-8-day-winning-streak-tbt34723.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_c...