Bitcoin Jumps Over $64K Ahead of Powell Speech; IBIT Options Could Provide Longer-Term Boost
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The approval would increase liquidity and investor participation in the Bitcoin market, marking a further step toward broader institutional adoption, onchain analysis firm CryptoQuant shared in a note with CoinDesk. Indeed, Bitcoin options on the CME recorded a fresh high open interest of almost half a billion on March 12, 2024, growing by almost five-fold from their maximum level in 2023.
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Text source: CurrencyCrypt
