Bitcoin continues to amaze as it surpassed $100,000 on the CME Futures platform on November 29, while its spot price wavered slightly below this mark.
Bitcoin Price Surge on CME Futures
According to TradingView, Bitcoin reached $100,085 on the CME Futures platform in the morning of November 29, while its spot price lingered at $98,285 after reaching a high of $99,645 on November 22.
Market Movement Discussions
Coinglass analysis showed that BTC futures open interest surged to $61 billion, sparking debates about market movements. Open interest increased by 50% in over a month, leading to discussions on whether the market will correct or continue its upward trend.
Institutional Bitcoin Purchases
Institutions and national authorities rushed to acquire Bitcoin for strategic reserves. MicroStrategy led the charge with approximately $35 billion in BTC, and companies such as SOS Limited and Metaplanet followed by investing millions in BTC. Senator Cynthia Lummis from Wyoming proposed a bill to buy one million BTC over five years.
Bitcoin continues to attract attention not only from individual investors but also from large organizations and states. The question of its strategic importance is becoming increasingly relevant.
