BitcoinWarrior

News and Education

Bitcoin Bull Frenzy Hits $44K As Futures Market Expects 10-12% Rise Into 2024

Data from Deribit, the leading exchange for Bitcoin (CRYPTO: BTC)and Ethereum options, signals a positive outlook for Bitcoin’s value increase in the spring of 2024. What Happened Deribit Chief Commercial Officer Luuk Strijers highlighted that the futures premium above the Bitcoin spot price has been increasing since early October 2023 for contracts expiring in March, June, and September 2024. According to The Block, citing data from Deribit, the gap between the current market price and the future price of the asset has widened to over 10%, presenting a significant indicator of market trends. …