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Bitcoin Hits New 2020 High: Critical Levels to Watch for Continued Bullish Momentum

Bitcoin’s price continues its bullish run, reaching a new high for 2020. After wicking up to $13,500, Bitcoin has set a fresh milestone, but crucial levels need to be maintained for the upward trend to continue. Currently, Bitcoin bulls are attempting another breakout as prices surge above the 0.618 Fibonacci…

Institutional Interest in Bitcoin Soars as CME Surpasses Binance in Open Interest

Crypto assets are capturing the attention of major financial players as they demonstrate positive movement, particularly this week. This shift is evident in the increasing Open Interest on one of the world’s largest exchanges, the Chicago Mercantile Exchange (CME), which has surpassed Binance in this key metric, taking the second…

Fintech and Cryptocurrencies Surge While Traditional Banks Struggle Amid 2020 Crisis

2020 has proven to be a challenging year for both the planet and the global financial system. Issues such as the Australian wildfires and the ongoing COVID-19 pandemic have wreaked havoc worldwide, deeply impacting various sectors. However, while many industries have suffered, some have thrived and especially fintech companies and…

Bitcoin Eyes $14,000 Resistance as Market Dominance Strengthens to 60.1%

Bitcoin has managed to dodge all three unfilled CME gaps this week, successfully pushing past the $13,235 mark for the first time since July 10, 2019, marking a 469-day high. This remarkable 11% surge was sparked by PayPal’s announcement that it would soon enable Bitcoin and other cryptocurrencies for payments.…

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