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Bitcoin Broke Out Of A 3-Year Trendline—And Wall Street Wants In

Bitcoin Broke Out Of A 3-Year Trendline-And Wall Street Wants In

The price of Bitcoin has broken out of a three-year descending trendline dating back to December 2017. Now, two key data points show that institutional investors are increasingly getting involved in the cryptocurrency market. First, the total open interest and volume of the CME Bitcoin futures market reached a one-year high, according to data from Skew.