Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest. Binance Captures the Bitcoin Futures Lead Not too long ago, Bitcoin.com’s […]
The American global markets company Chicago Mercantile Exchange (CME Group) has announced the launch of a new bitcoin futures product on May 3, 2021, if U.S. regulators approve the product. The new contract is a micro bitcoin futures product that represents 0.1 bitcoin rather than CME’s other contract that equals five bitcoin. The smaller contract […]
The new futures contract will launch on May 3, 2021, pending regulatory approval.
January proved significant in terms of Bitcoin futures trading average daily volume for the CME.
A CME gap closed at around $55,504 as the price of Bitcoin steeply dropped following the new weekly candle.
Investors are nervous that this week’s CME ETH futures launch will be a repeat of Bitcoin’s 2017 CME launch but data suggests otherwise.
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
The price of bitcoin soared to new heights after Tesla informed the public that it added $1.5 billion to the company’s balance sheet. Bitcoin touched an all-time high (ATH) reaching $48,216 per unit and has retreated in value a hair since then. While crypto enthusiasts are bullish, a few supporters and analysts believe the crypto […]
Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows.
Bitcoin perpetual futures buyers are paying a 5.4% weekly funding rate to keep their positions open, but is this sustainable?