Global #Bitcoin

A recent survey conducted by Francisco Gavidia University (UFG) has shed light on the current state of Bitcoin adoption in El Salvador, revealing a significant decline in usage among citizens.

The Open Interest (OI) weighted funding rate for Bitcoin has surged to 0.012%, a level not seen since July 27, when Bitcoin briefly touched $68,000.

In an announcement made on October 14, Malta-based Samara Asset Group revealed its intention to increase its Bitcoin (BTC) holdings using proceeds from a planned bond issuance totaling $32.8 million.

The latest CoinGecko Q3 Crypto Industry Report reveals that the overall cryptocurrency market has contracted by 1.0%. Despite this slight decline, Bitcoin has reached a three-year high in market dominance, while Ethereum is experiencing challenges across several metrics.

On October 14, the United States saw its largest inflow day for spot Bitcoin exchange-traded funds (ETFs) in over four months, with more than half a billion dollars flowing into the market.

MicroStrategy, under the leadership of Executive Chairman Michael Saylor, is making headlines with its ambitious plan to evolve into a “Bitcoin bank.”