Bitcoin Price Bounces, Bitcoin ETFs Lose Traction as Open Interest Reaches $40 Billion

Bitcoin’s price briefly dipped below $107,000 yesterday before rebounding to over $110,000. This comes as investors show less interest in Bitcoin exchange-traded products (ETFs). The cryptocurrency market is experiencing volatility with open interest on derivatives exchanges approaching $40 billion. Bitcoin dominance is decreasing as investor attention shifts towards alternative cryptocurrencies. 💰