Bitcoin price today 9/11: to nearly 36,000 USD
Hello everyone!
Currently, the price of Bitcoin is still on the rise, nearing $36,000. This upward trend has been positively explained by the Federal Reserve's accommodative stance. Analysts have set a target price of $50,000 for Bitcoin due to the bullish sentiment.
In market news:
The open interest in Bitcoin futures contracts has significantly increased today, with CME's Bitcoin futures open interest rising by 6.14% to $3.89 billion. This has contributed to a total open interest of 466.98k BTC across platforms, led by Binance with an open interest of 113.10k BTC. The total open interest in BTC on CME has surpassed the 100,000 mark, reflecting positive market sentiment amidst predictions surrounding the leading cryptocurrency.
The expected approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission is expected to attract billions of people to the Bitcoin market. This could trigger a cryptocurrency rally, coinciding with the anticipated Bitcoin halving in April 2024.
Conclusion and trend analysis :
At the time of writing, the electronic market is trading at $36,425, and surpassing the price channel will push it even higher. This is a classic example of a bullish market, and the asset is expected to continue its upward trend if BTC maintains above the psychological barrier of $30,000.
Currently, the price of Bitcoin is still on the rise, nearing $36,000. This upward trend has been positively explained by the Federal Reserve's accommodative stance. Analysts have set a target price of $50,000 for Bitcoin due to the bullish sentiment.
In market news:
The open interest in Bitcoin futures contracts has significantly increased today, with CME's Bitcoin futures open interest rising by 6.14% to $3.89 billion. This has contributed to a total open interest of 466.98k BTC across platforms, led by Binance with an open interest of 113.10k BTC. The total open interest in BTC on CME has surpassed the 100,000 mark, reflecting positive market sentiment amidst predictions surrounding the leading cryptocurrency.
The expected approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission is expected to attract billions of people to the Bitcoin market. This could trigger a cryptocurrency rally, coinciding with the anticipated Bitcoin halving in April 2024.
Conclusion and trend analysis :
At the time of writing, the electronic market is trading at $36,425, and surpassing the price channel will push it even higher. This is a classic example of a bullish market, and the asset is expected to continue its upward trend if BTC maintains above the psychological barrier of $30,000.
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As the context continues to develop with the participation of more organizations, the cryptocurrency market can see more confirmation and integration into the mainstream financial.
