Bitcoin Rebounds Amid Economic Concerns
- Bitcoin’s price surged back to $80,000 after a sharp decline due to fears over U.S. President Trump’s tariff policies.
- The cryptocurrency market cap remains at $1.5 trillion, with Bitcoin dominance rising to 60%.
- Futures open interest is at $34.5 billion, showing a slight recovery from a low of $33.8 billion on April 3.
- In the last 24 hours, Bitcoin futures liquidations totaled $58 million, with longs losing $42 million and shorts $16.6 million.
- 76 new institutions holding over 1,000 BTC have entered the market in the past two months, indicating increased institutional demand.
Despite recent volatility and economic concerns, Bitcoin has rebounded to $80,000 with a market cap of $1.5 trillion and an increase in institutional investors entering the network.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoins-next-big-move-open-interest-says-get-ready/?rand=52377
