Cryptocurrency Analysis and News Portal
Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are
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The introduction of institutional heavyweights like CME, CBOE and Bakkt to the bitcoin space was heralded by many as the key to
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Over the past two years Bitcoin (BTC) futures trading on CME (Chicago Mercantile Exchange) has grown in importance for institutional investors. However, a popular misconception among traders is to attribute an unwarranted amount of importance to futures market activity and its impact of spot prices. It is important to
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Bitcoin’s big dip to below $8,000 has accelerated speculation of an extended move to the downside. But the cryptocurrency is hiding a bullish catalyst under its sleeves.So it appears, CME futures linked to the bitcoin price have formed a big gap on its daily chart. The missing candle between Friday’s
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Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday.The record low came just three days after CME daily volume exceeded $1 billion for just the third time in
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Daily trading volume in bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) dropped to year-to-date lows on Friday. The volume hit $118 million, the lowest level since Dec. 31. On that day futures recorded volume of $112 million, according to Skew Markets. What’s worth noting is volumes have pulled back
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Compared to the price action of the previous two weeks, this weekend has been relatively relaxed for Bitcoin (BTC) traders. On Saturday the price came within $10 of $10,000 before pulling back to $9,794 and at the time of writing the price continues to meet resistance at $9,900.Crypto market
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Institutional speculators and high net worth individuals on CME have been active in the Bitcoin futures market since the start of the year. Nearing $350 million of open interest and $1 billion of volume, CME has become an important aspect of the Bitcoin market, February 20, 2020. Outlook from Bitcoin Derivatives Bitcoin
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The CME bitcoin futures market just opened, and it could be the catalyst that leads the recovery of BTC back to the $10,000s.Throughout the weekend, the bitcoin price dropped from $10,500 to as low as $9,650, liquidating a significant amount of long contracts.Why CME open can lead bitcoin recoveryOn active
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January was the second-best month for CME’s Bitcoin futures trading since its 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Last month also saw new options on Bitcoin futures picking up pace. Since launch, 466 options contracts, or 2,300 equivalent Bitcoin, have traded—nearly 40%
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