- Approximately 4 billion BTC futures trading positions have been bought in the last few hours.
- This surge in trading activity is allegedly down to a combination of investor excitement.
- Bitcoin`s price increased by 8%, to a high of $20,517 during this writing.
Recent research has shown that over 4 billion future trading positions have been bought in the most recent few hours. This surge in activity has been seen in both stock and cryptocurrency markets and suggests that there is a healthy level of investment activity in the sector.
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While some of these trades involve the buying and selling of stocks and currencies, the majority is reported to have come from traders speculating on the direction of movement of various currencies and stocks.
Analysts suggest that this surge in trading activity is down to a combination of investor excitement from the potential of technology within the sector, as well as an overall belief that stock prices and crypto values will further increase over the short term.
Large financial institutions such as hedge funds are also believed to be making sizable purchases according to familiar sources. This heightened level of speculation, combined with the peak in investments and market activity, has proven to be profitable for many traders.
However, it has also led to a level of instability in the markets as traders seek to make quick profits without taking the necessary precautions or understanding the levels of risk associated with trading in these markets.
According to Coinmarketcap statistics, the price of bitcoin rocketed beyond $21,000 on the basis of optimism that prices may have bottomed out and inflation may have peaked. The most widely used digital currency had a price increase of up to 8%, to a high of $20,517 at press time.
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