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Bitcoin News / Bitcoin.com - 2 years ago

Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium

Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous...

Bitcoin News / Bitcoin.com - 2 years ago

PYUSD Supply Skyrockets by 49%, Marking a Shift in Distribution as New Holders Emerge

According to current metrics, Paypal’s stablecoin PYUSD has increased its supply by more than 49% since the end of September, rising from 94.39 million to 140.86 million. Moreover, the number of PYUSD holders has risen by 55% since September 3...

Bitcoin News / Bitcoin.com - 2 years ago

Bitcoin Futures Open Interest Skyrockets Amid Rising Market Enthusiasm and ETF Anticipation

Bitcoin futures open interest (OI) has surged dramatically within the last day, with CME Group’s OI reaching an impressive 100,000 bitcoin, equivalent to $3.4 billion. This isn’t an isolated event; platforms such as Binance, Deribit, Bi...

Bitcoin News / Bitcoinist - 2 years ago

Why Is Bitcoin Price Skyrocketing To $35,000? Decoding 5 Major Reasons

The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The pr...

Bitcoin News / Bitcoin.com - 2 years ago

Skybridge Boss Scaramucci Predicts Bitcoin’s Value Could Multiply 11-fold With Blackrock’s ETF Approval

Anthony Scaramucci, founder of Skybridge Capital, believes that if the U.S. Securities and Exchange Commission (SEC) approves Blackrock’s spot bitcoin exchange-traded fund, the value of bitcoin could surge significantly. Scaramucci also discus...