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Bitcoin rips all-time high, derivatives traders not as euphoric

Ekta Mourya
May 23, 2025
bitcoin-rips-all-time-high,-derivatives-traders-not-as-euphoric
Bitcoin rips all-time high, derivatives traders not as euphoric
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Bitcoin rallied past its previous all-time high in the USD and USDT markets on Wednesday and extended gains on Thursday, climbing to a peak of $111,880. Bitcoin’s breakout failed to usher euphoria among traders and the reaction on derivatives traders was muted, relative to previous BTC price rallies.

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