BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Bitcoin price dipped 3.5% on November 2, 2023, after the Wall Street open, as analysts warned of “overheated” Bitcoin derivatives. The largest crypto stock price had hit new 18-month highs of $35,968 on Bitstamp before consolidating, but was now trading below $35,000. What are Bitcoin derivatives? Bitcoin derivatives are financial contracts that derive their value from the…

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October may have ended: Investor mood is at a three-month low, according to Bitcoin pricing statistics

Uptober may be over: Bitcoin price data shows investor sentiment at 3-month low October has historically been a good month for Bitcoin, with the cryptocurrency often seeing significant price increases. However, this year may be different, as investor sentiment has reached a 3-month low. There are a number of factors that could be contributing to…

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