Today, May 17, is a notable day in the cryptocurrency market as a significant volume of Bitcoin (BTC) and Ethereum (ETH) options contracts, totaling over $2.1 billion, are scheduled to expire.
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Bitcoin (BTC) has witnessed a notable surge in trading volumes, particularly in its new institutional investment products. Approximately 1,000 companies in the United States have reportedly purchased Bitcoin exchange-traded funds (ETFs).
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Even after a 10% weekly decline in trust in the largest cryptocurrency, some traders believe that global politics and the need for an investment hedge could propel a Bitcoin (BTC) increase in the upcoming months.
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After the halving, an analyst predicts that Bitcoin miner sales might total up to $5 billion over four to six months.
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The victims of an investment fraud scheme facilitated by an electronics company in China are reportedly seeking to recover $4.3 billion in Bitcoin BTC purchased with their money with the assistance of the United Kingdom government.
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MKR, the governance token of MakerDAO, a prominent stablecoin lending protocol, has garnered attention from institutional investors.
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