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Is Bitcoin denting the economy?

Updated Mar 6, 2023, 3:40 p.m. Published Apr 15, 2013, 3:49 p.m.
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So how big an impact are bitcoins really having on the global economy? The latest market stats show the digital currency continues to show a growing influence on "real" money.

Among some recent stats:

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Bitcoin rises above $89,000, showing rare gain in U.S. trading

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Open interest data suggests the advance is likely short-covering, rather than fresh longs entering the market.

O que saber:

  • Bitcoin was trading higher during U.S. market hours, marking a notable shift after a month in which BTC fell roughly 20 percent cumulatively while American stocks were open.
  • Declining open interest suggests the move is driven by short-covering rather than fresh leveraged longs.
  • Broader crypto markets remain fragile as ETF outflows, tax-related positioning, and light holiday liquidity pressure prices.