BTC price drops 3.5% as Bitcoin derivatives ‘overheating’ sparks concern
Bitcoin (BTC) fell below $35,000 after opening on Wall Street on November 2 as analysis warned of derivatives overheating. BTC/USD 1-hour chart. Source: TradingView Bitcoin Reversals Post-Fed Gains Data from Cointelegraph Markets Pro and TradingView tracked BTC’s retreating price, which erased the ground it had regained overnight. The largest cryptocurrency hit new 18-month highs of …