Cryptocurrency

Bitcoin could witness

Bitcoin could witness a 25%-30% sell-off in 2021

The world’s dominant cryptocurrency witnessed substantial gains during 2020. Analysts say that the Bitcoin record rally could hit a wall in 2021. According to chief markets strategist at Miller Tabak, Matt Maley, signs in the cryptocurrency’s technical chart point to a 25%-30% sell-off that’s expected to hit early in 2021. On Thursday, Bitcoin broke above the $23,000 …

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CME group Bitcoin

CME Bitcoin Futures Market Became the Second-Largest

According to the latest news, the CME Bitcoin futures market overtook Binance futures to become the second-largest BTC futures exchange by open interest. Moreover, the institutional volume is rapidly increasing a larget share of the crypto market. Remarkably on October 10, Skew reported that the CME futures market’s open interest dramatically increased by 1,500 contracts. …

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