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Bitcoin Bulls Gain Steam as CME Futures Open Interest Crosses $1B

2 mins
Updated by Ryan Smith
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In Brief

  • Open Interest Bitcoin futures contracts on the Chicago Mercantile Exchange have exceeded a total value of $1 billion.
  • This marks a new all-time high and underlines the rapidly growing popularity of open interest in bitcoin futures whose trading volumes have doubled in just 6 months.
  • The rise comes as bitcoin's Fear & Greed Index continues to push into extreme territory, hitting 90% on Nov 18.
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David Hundeyin
David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership...
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