US Commodity Futures Trading Commission

On March 17th, the US Commodity Futures Trading Commission (CFTC) said that as of the week ended March 17th, speculators held 41 net long positions in Bitcoin. (Jin Shi) CFTC: As of the week ended March 17, speculators held 41 net long positions in Bitcoin Analysis based on this information:According to a report by the US Commodity Futures Trading Commission (CFTC), speculators maintained a strong bullish sentiment towards Bitcoin as of the week ended March 17th. The report stated that as of that date, speculators held 41 net long positions in Bitcoin. This news comes as no surprise given the recent surge in Bitcoin’s price, which has risen by more than 300% since the start of the year. The cryptocurrency has gained traction as a hedge against inflation amid the COVID-19 pandemic as investors seek safe havens for their capital. Speculators, in particular, have been actively betting on Bitcoin, driving up its price and fueling the current market frenzy. As…