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Bitcoin's Price Reaches Yearly Highs While Reporting Strong Metrics
Summary: Bitcoin's spot volume has risen by over 270% in November with its daily volume on November 5 standing at the highest level seen since the Black Thursday crash on March 13, according to a recent report from Arcane research. Bitcoin is currently trading hands at $16,114 jumping in value by 23% since the start of ...
Bitcoin's spot volume has risen by over 270% in November with its daily volume on November 5 standing at the highest level seen since the Black Thursday crash on March 13, according to a recent report from Arcane research.
Bitcoin is currently trading hands at $16,114 jumping in value by 23% since the start of the month. Additionally, open interest for Bitcoin futures at CME also surged to near all-time highs last week at $934 million. The increase in open interest could be attributed to a wealth of new investors in the space, Arcane research predicts.
The excitement in the space following the US presidential election could be enough to pull in new institutional investors wary of missing out on another large price spike.
By Emily Mason
Tags: Arcane Research,Bitcoin,Bitcoin Volumes,BTC
Link: Bitcoin's Price Reaches Yearly Highs While Reporting Strong Metrics [Copy]
