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The Bitcoin price has fallen to $28.1k and have moved further away from the $30k mark. All eyes are now on DCG and how the company's current conditions could impact BTC.
Bitcoin dropped back below the closely watched $30,000 level amid a wider retreat in cryptocurrencies, as stubbornly high UK inflation fanned fears of higher-for-longer interest rates.
Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market.
Bitcoin dropped back below the closely watched $30,000 level amid a wider retreat in cryptocurrencies, as stubbornly high UK inflation fanned fears of higher-for-longer interest rates.
More than $25M in Bitcoin (BTC) futures have been liquidated over the last hour with longs contributing to 98% of the total liquidations.