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26 November 2020

New Bitcoin Institutional Rally? Why BTC Just Blasted Past $18k Again

New Bitcoin Institutional Rally? Why BTC Just Blasted Past $18k Again


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The price of Bitcoin surged past $18,000 once again, marking a sharp recovery from its earlier intraday drop to around $17,355.

The open interest of the CME Bitcoin futures market surged past $1 billion on November 18.

The institutional craze around Bitcoin could have caused the market sentiment around BTC to amplify.

The overall BTC futures market open interest has also surged noticeably since October.

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