Bitcoin futures hit a 27-month high of $23 Billion.
Ethereum follows suit by surging in derivatives trading amid market optimism.
In recent months, the cryptocurrency market has witnessed an unprecedented surge in both investment and speculation, with derivatives trading reaching remarkable highs. Bitcoin, the leading digital asset, has once again taken the spotlight as its futures open interest surpassed $10 billion for the first time since July 2022. This surge is emblematic of the fervent interest among investors and traders, signaling a period of crowd euphoria.
At the forefront of this surge are notable cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Chainlink (LINK), each witnessing a substantial increase in open interest in derivative markets, according to popular aggregator platform, Santiment.
A major increase in money has been entering into #cryptocurrency, which should be a surprise to no one. Notably, there has been a dramatic increase in the sp
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