Data on open interest in Bitcoin futures seems to show a possibility of crypto taking up the bullish race again.

Good news! We know that the price of Bitcoin (BTC) didn’t reach the historical maximum we were all waiting for, however, all is not lost. The open interest in Bitcoin’s futures gives us hope.

Bitcoin is correcting, here are the key support levels
Bitcoin could still reach USD 20,000
According to Skew’s data, open interest in aggregate futures contracts reached USD 7.4 billion yesterday. Interestingly, over the past 6 months, open interest has increased by approximately 110%.

Therefore, the data reflects that there is a Bitcoin Trend App flow of money coming into the Bitcoin futures market.

However, the question is: What does it tell us about price behavior?

As we reported from Crypt Trend, yesterday BTC saw a major correction in its price and although it has recovered, experts fear another correction in the short term.

Therefore the crypto community is desperate to hold out hope. Obviously we all want to see Bitcoin break above USD 20,000 and stay above that level.

Bitcoin sees a big correction, what’s next?
A glimmer of hope?
Basically what Skew’s data recorded is that both Bitcoin’s open interest in futures and options have reached new highs in the last few days.

This increase in Bitcoin open interest represents an increase in liquidity in the cryptomoney and can therefore be considered a positive event.

Not to mention that, just yesterday, Bitcoin recorded the highest volume of futures in Bitcoin’s history.

As such, there are crypto analysts who still believe in the upside potential of the leading crypto. One of them is Alex Kruger who, yesterday, claimed on Twitter that he was one of the bullish ones.

“The latest price drop is a noise against the larger uptrend,” Kruger said. Let’s keep in mind that all the factors that initially drove Bitcoin are still present.

Therefore, many investors see the current fall as a setback in the market that could even be healthy. However, they maintain their upward expectations for the long term.

Another metric that points to a continuing upward trend is that, according to Glassnode, the amount of Bitcoin in crypto exchanges remains at its lowest level since August 2018.

Bitcoin erlebt eine Hausse in seinem Preis, die mit dem Rekord vergleichbar ist, der beim Erreichen seines Allzeithochs im Dezember 2017 aufgestellt wurde. Wird dieser neue Rekord erreicht werden? Die Experten teilten ihre Ansichten.

Der jüngste Aufwärtstrend des Bitcoin-Preises

Der jüngste Aufwärtstrend des Bitcoin-Preises wurde von vielen als Ausdruck der Ambitionen der Münze gesehen, ihren Allzeithoch-Rekord zu übertreffen. Um sich ein Bild von den Ansichten der Experten in Bezug auf den Preis der Bitcoin Trader auf ihrem Weg zu einem neuen Rekord zu machen, sprach CNBC mit Experten im Kryptobereich, insbesondere mit denen, die ein direktes Interesse an digitalen Währungen haben.

Nach dem Feedback, das vor allem durch die Hervorhebung des Unterschieds zwischen der aktuellen Hausse-Rallye und der Rallye im dritten Quartal 2017 gewonnen wurde, bemerkte Mati Greenspan, Portfoliomanager und Gründer von Quantum Economics, dass

“der Hauptunterschied zwischen heute und der Rallye 2017 darin besteht, dass der Markt damals von Einzelhandelsspekulationen angetrieben wurde und jetzt von Unternehmen und Milliardären getrieben wird”.

Greenspans Einstellung ist im Grunde richtig, wenn man die Geschwindigkeit betrachtet, mit der die institutionellen Bonzen jetzt Unterstützung für Bitcoin zeigen. Nichtsdestotrotz glaubt Antoni Trenchev, der geschäftsführende Gesellschafter des Kryptokreditgebers Nexo, dass

“an ihrer Beteiligung nichts Auffälliges war, da sie im Stealth-Modus kauften, aber sobald Bitcoin es in ihre Schatzkammern geschafft hatte, ließen sie es die Welt wissen, ähnlich wie bei der Goldhausse in den 1970er Jahren”.

Da die Ansichten über verschiedene Aspekte von Bitcoin auseinander gingen, wurde zunehmend laut, was zeigt, dass die Zukunft der führenden digitalen Währung im Verhältnis zu ihrem Preis und ihrem künftigen Verwendungszweck rosig ist. Der Preis von Bitcoin wurde laut CoinMarketCap auf einem 52-Wochen-Tiefststand von 4.106,98 USD gehandelt, und die Münze hat sich seit ihrem letzten Halbierungsereignis im Mai 2020 um fast 120 % erholt.

Bitcoin wird derzeit über 18.000 USD gehandelt, nachdem ein neues 52-Wochen-Hoch von 18.936,62 USD getestet wurde, und Bitcoin-Enthusiasten glauben, dass ein neues Allzeithoch in kürzester Zeit erreicht werden könnte.

“Ein neues Allzeithoch ist nicht nur möglich, sondern wird von den Bitcoin-Gläubigen weitgehend erwartet, dass es jeden Tag passieren wird”, sagte Greenspan. Pascal Gauthier, CEO des Krypto-Hardware-Brieftaschenherstellers Ledger, hat seine Stimme geliehen und erklärt, dass dieser aktuelle Bullenlauf wahrscheinlich länger dauern wird als der von 2017.

Kann die Position des CEO von PayPal den Preisrekord von Bitcoin beeinflussen?

Der Chief Executive Officer des amerikanischen Online-Zahlungsdienstleistungsriesen Paypal Holdings Inc (NASDAQ: PYPL), Daniel Schulman, bemerkte kürzlich in seinem Interview mit der Squawk Box von CNBC, dass die Anwendungsfälle von Bitcoin die Münze bald über das bloße Kaufen und Halten hinausführen werden, wie es derzeit im heutigen Ökosystem zu beobachten ist.

“Ich denke, dass es immer mehr Anwendungsfälle für Kryptowährungen geben wird”, die Bitcoin (BTC) im Laufe der Zeit breiter akzeptiert, stabiler und wahrscheinlich “wertvoller” machen.

Da PayPal bereits Unterstützung für kryptorelevante Transaktionen bietet, an denen Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) und Litecoin (LTC) beteiligt sind, steht der Weg zur allgemeinen Akzeptanz durch die über 300 Millionen Kunden von PayPal kurz bevor. Dies kann einen erheblichen Einfluss auf den Preis von Bitcoin haben, wie die jüngsten Aufzeichnungen zeigen.

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Game of Thrones actress Maisie Williams recently asked her 2.7 million followers on Twitter if they thought BTC was appropriate . Although the majority voted against the cryptocurrency with skepticism, some popular Bitcoin bulls gathered among its supporters. In addition to Tron boss Justin Sun, investor Mike Novogratz, Tesla and SpaceX founder Elon Musk also gave his approval. The 49-year-old quoted the song “Toss A Coin To Your Witcher” from the Netflix series “The Witcher” in his comment. However, with one decisive change: he wrote Bitcoin instead of Coin. Regardless of the results of the Twitter survey, Williams reacted exactly as one would have expected from GoT-Arya: She still bought Bitcoin.

Miners can no longer pay electricity bills

Mining pools in China suffer from the limitations on their ability to make payments. The Chinese authorities have been trying to curb money laundering in the country since mid-2020. Hence, they have also taken tough measures against crypto exchanges. This has resulted in the closure or suspension of accounts, credit cards, and other payment methods from mining pools and major economic losses. Around 74 percent of the miners surveyed in the country stated that they had ceased operations for a month.

Bitcoin turnaround in Washington? US Senator makes BTC plea

Wyoming’s first female senator, Cynthia Lummis, wants to campaign for BTC . Thus, the soon-to-be senator from Wyoming is probably the highest-ranking politician to appear as an advocate for the market-leading cryptocurrency. She denies that Bitcoin would be used for tax evasion and money laundering. According to her own statements, the senator started investing in BTC seven years ago. Now it remains to be hoped for the crypto community that Lummis will be the first MP to seriously support Bitcoin.

$ 29 billion giant offers customers access to Bitcoin

Mariner Wealth Advisors, a registered investment advisor with advisory assets of more than $ 29 billion, is now partnering with crypto firm Eaglebrook Advisors. They want their customers d s provide access to the most popular cryptocurrency . This means that the investment advisory service first taps into a separately managed account. In addition, your financial advisors can allocate Bitcoin to customers who want to include the leading cryptocurrency in their investment strategies. With this decision, the investment company joins the consortium of well-known companies and investors that Bitcoin has put under its spell.

PwC: Blockchain will grow GDP by $ 1.76 trillion in ten years

As the study “Time for Trust” by the auditing and consulting firm PwC recently forecast, blockchain technology will already contribute around 66 billion US dollars to global gross domestic product (GDP) in the coming year. According to the economists surveyed by PwC, it also has the potential to increase global economic output by 1.76 trillion US dollars by 2030 . This corresponds to a share of 1.4 percent of global GDP. In addition, the experts expect that the technology will be used globally by the majority of companies in the next five years.

• Digital yuan vil være kompatibel med AliPay og WeChat, men ikke som en konkurrent.
• Imidlertid distribueres den digitale valutaen ikke via private mobile betalingsplattformer.

Da republikken fortsetter å prøve og oppdaterer nødvendige faktorer for å sikre gjennomførbarheten av den digitale yuanen, presiserte sentralbankens tjenestemann nylig at den digitale valutaens forhold til AliPay og WeChat. Mange hadde tidligere spekulert i at den kinesiske digitale valutaen kunne påvirke de monetære transaksjonene på disse to betalingsplattformene. Det kan imidlertid ikke være helt tilfelle.

Kinesisk CBDC vil være kompatibel med AliPay og WeChat

Under et toppmøte i Shanghai søndag presiserte PBOCs sjef for forskningsinstituttet for digital valuta, Mu Changchun, at den lenge planlagte digitale yuanen ikke ville konkurrere med betalingsplattformen når den lanseres. Bitcoin Up og WeChat er Kinas største digitale betalingsplattformer. De utgjorde omtrent 94 prosent av alle digitale betalinger i landet i løpet av andre kvartal i år.

Changchun forklarte at den digitale valutaen og de to betalingsplattformene ikke hører til samme dimensjon. “WeChat og Alipay er lommebøker, mens den digitale yuanen er pengene i lommeboken,” la han til. Imidlertid er den kinesiske digitale valutaen designet for å være kompatibel med begge plattformene. Dermed kan brukere like velge å overføre og bruke den digitale valutaen fra begge plattformene, ifølge en fintech-konsulent, Wang Leilei.

Falske digitale yuan lommebøker overflate

Leilei nevnte videre at den kinesiske digitale valutaen ikke ville distribueres via private mobile lommebøker. En offisiell lommebokapplikasjon utvikles for den digitale valutaen. Hun påpekte hvordan de 50.000 personene som deltok i Shenzhen-utdelingen ble bedt om å laste ned en bestemt app for å motta de digitale valutaene. Så, etter å ha mottatt den digitale yuanen, kan eierne velge å bruke den fra appen eller overføre til AliPay eller WeChat.

En annen sak som tas opp om lommeboken for digital valuta er forfalskning. Den kinesiske banksjefen, Changchun, avslørte at en forfalsket digital lommebok for Kinas CBDC nylig ble oppdaget. Han klarte ikke å gi ytterligere informasjon om den falske lommeboken.