Crypto Update | The Fed Anticipates Mild Recession, Wyoming Backs Custodia Bank and What to Expect on Ethereum's Upgrade
Markets Outlook
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Introduction
The head of US Markets at Hashdex said that the $30,000 level isn't that much of an important milestone for Bitcoin. Open interest in Bitcoin across crypto derivatives exchanges has surged to a five-month high. Traders were likely also taking profits ahead of the latest official inflation numbers. An on-chain report from Glassnode suggests that at least $300 million worth of selling pressure might come to bear.
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