Bitcoin Open Interest Hits a New ATH As BTC Price Hovers Around $100k!

The post Bitcoin Open Interest Hits a New ATH As BTC Price Hovers Around $100k! appeared first on Coinpedia Fintech News

With Donald Trump winning the Presidential election, the market speculators had set a price target of $100k for Bitcoin (BTC) by the end of Q4 2024. However, in just 14 days, the BTC price has achieved a new ATH of $99,508.36 and currently requires less than $1,000 to achieve its target price. Notably, since the election result, the US-listed Bitcoin exchange-traded funds have recorded an inflow of over $4 billion. Moreover, with BlackRock’s ETF options recording a strong debut this week, the market now speculates the price to go higher. With this, Bitcoin open interest in a new ATH. with intensifying market sentiment, the BTC price is speculated to make its way to $130K.