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Bitcoin’s open interest (OI) weighted funding rate has climbed to its highest point in recent months, suggesting a potential short- to medium-term uptrend, according to market experts.
Bitcoin reached $66,000 yesterday, even as interest in the cryptocurrency appeared to wane, with Google searches for “Bitcoin” nearing levels not seen since 2020.
As the S&P 500 reached an all-time high on Friday, it celebrated the second anniversary of its bull market.
Bitcoin developers have announced a critical security flaw in Bitcoin Core that could leave over 13% of global nodes vulnerable to shutdown.
Bitcoin (BTC) has recovored from last week’s slump and is currently trading at $62,600.
Bitcoin transaction fees have jumped more than 32% this week, marking the highest level seen since August.
October has not lived up to its promising reputation for Bitcoin. Traditionally, this month has brought strong gains, often dubbed “Uptober,” with Bitcoin averaging nearly 23% in returns since 2013. In standout years like 2021, it even soared by 40%.