Dec 13, Bitcoin Weekly Report

MyTradingInfo
2 min readDec 13, 2021

#1. Bitcoin Weekly News Summary

Bitcoin ‘founder’ wins right to keep billions of dollars
A computer scientist who claims he invented Bitcoin has won a court case allowing him to keep a cache of the cryptocurrency worth billions of dollars.
https://www.bbc.com/news/business-59571277

Bitcoin mining has totally recovered from Chinese ban
Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year.
https://www.cnbc.com/2021/12/10/bitcoin-network-hashrate-hits-all-time-high-after-china-crypto-ban.html

Does Jack Dorsey’s Twitter Resignation Mean He’ll Focus 100% on Bitcoin?
Jack Dorsey stepped down from his position as Twitter CEO last week, sparking speculation the crypto enthusiast would now dedicate himself entirely to Bitcoin (BTC).
https://www.fool.com/the-ascent/cryptocurrency/articles/does-jack-dorseys-twitter-resignation-mean-hell-focus-100-on-bitcoin/

#2. Bitcoin Open Interest at major exchange

Binance: It rose slightly to about 2.1 billion dollars.

BitMEX: It’s steady at around $370 million.

Bybit: It’s steady at around $880 million.

#3.Bitcoin Dominance

Bitcoin Dominance fell 1% to around 40%.

#4. Bitcoin Price and its correlations

Correlation
The value of correlation may vary from -1 to 1. The closer the value gets to 1, the higher the two assets are associated and moving in the same direction. When it is closer to -1, it is vice versa. Zero in value means there is no correlation at all.

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MyTradingInfo

MyTradingInfo offers real-time market trend statistics for cryptocurrency such as Bitcoin.