Speculators are bullish on Bitcoin futures as open interest, the number of contracts outstanding, reached levels not seen since late-2020, while trading volume fell to its lowest levels year-to-date.
In 2023, layer 1 blockchains are expected to reach maturity, with governments, institutions, and businesses leveraging the technology to enable greater digital transactions, faster data transmission, and increased financial security.
In the aftermath of El Salvador adopting Bitcoin as legal tender the nations sovereign bonds have seen tremendous appreciation rising over 60 in the year 2023 This surge in demand showcases further world wide interest in the emerging cryptocurrency