According to The Block, the open interest in bitcoin futures has grown by more than 100%. At the beginning of the year it was equal to $17.2 billion. At the same time, the rate of the first cryptocurrency added 66% growth and updated ATN.
The OI shows the total value of all outstanding bitcoin futures contracts on exchanges. It indicates increased market activity and trader sentiment towards this asset.
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The probability of finding a private key in Bitcoin is equal to the probability of winning the jackpot in the lottery 9 times in a row. The SHA-256 hashing algorithm used in the Bitcoin network creates a blockchain security of 2^256.
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The metric is calculated as the ratio of the value of BTC mined (in a time period) to the weighted average of the value of BTC mined.
Historically, this drop has always been followed by a price increase, indicating a potential bullish trend for BTC.
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Just recently the project overtook Arbitrum in terms of capitalization and entered the top 40 cryptocurrencies according to Coingecko.
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Miners have already earned as much as 2000 BTC thanks to commissions from transactions in the innovative Runes protocol!
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This theory was expressed by the CEO of Bitcoin Magazine and a crypto advisor to Trump's staff.
In addition, the cryptocurrency industry could be an important factor in the upcoming elections.
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He notes that BTC's market capitalization is growing faster than its realized capitalization, and this trend usually lasts for about two years.
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We tell you what happened in the cryptocurrency market in the last week:
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Also, on the new social platform Truth Social, Trump expressed his support for the cryptocurrency industry. He noted that he treats this sphere very positively and supports companies working in this direction.
According to the former president, the current leader of the country is trying to hinder the expansion of the cryptocurrency industry in the American market.
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Financial analyst Tedtalksmacro noted increased investor interest in spot BTC-ETFs in the US.
The volume of BTC available for purchase on major exchanges is also the lowest since 2017 at 1,918,417 BTC according to CryptoQuant.
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