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Bitcoin surged past $93,000 during U.S. trading on Wednesday before a pullback to $89,000. Bitcoin's dominance rose to 60%, reflecting that investors were far more confident than other cryptocurrencies. Market volatility persisted, with $850 million in derivatives wiped out, mainly affecting leveraged longs. Open Interest for Bitcoin climbed 2.3%, reflecting heightened speculative activity. Analyst Chris Kline predicts volatility ahead for Bitcoin's path to $100,000.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bitcoin surged past $93,000 during U.S. trading on Wednesday before a pullback to $89,000.
00:09Bitcoin's dominance rose to 60%, reflecting that investors were far more confident than
00:14other cryptocurrencies. Market volatility persisted with $850 million in derivatives
00:21wiped out, mainly affecting leveraged longs. Open interest for Bitcoin climbed 2.3%,
00:27reflecting heightened speculative activity.
00:29Analyst Chris Klein predicts volatility ahead for Bitcoin's path to $100,000.

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