The recent volatility in Bitcoin’s spot price, particularly the dip to $61,500 between April 12 and April 13, has sparked discussions among traders about its impact on market sentiment and derivatives trading. While the significant movement triggered forced liquidations and reduced open interest, it’s essential to delve deeper into whether…
Tag: Bitcoin
Bitcoin Depot: Weathering the Storm of Cryptocurrency Volatility
Amidst the turbulent seas of cryptocurrency markets, one major player stands out for its resilience to the whims of Bitcoin’s price fluctuations. Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has revealed that its revenues remain unaffected by the dramatic swings in Bitcoin’s price, showcasing a unique…