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Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. However, as Cryptox reported in June 2020, the effect faded away. While
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In the last 24 hrs, Bitcoin suffered a crash from $60,900 to $50,900Over 1 million traders were liquidated to the tune of $10.2 BillionThe dip successfully closed 2 CME BTC GapsThe closure of the two gaps created another at $62,100 that could also be filled in the futureThe last 24
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Bitcoin’s price rose significantly in January. The Chicago Mercantile Exchange, or CME, also hit record Bitcoin (BTC) futures trading numbers in the same month. “In January, BTC average daily volume (ADV) reached a monthly record of 17,549 contracts (87.7K equivalent bitcoin),” a CME representative told Cryptox. Each CME Bitcoin futures contract
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Trading in ether futures went live on the Chicago Mercantile Exchange (CME) late last Sunday with the February contract registering an opening price of $1,669.75. In less than two weeks, the open price of the February contract has jumped 5% to $1747.75 as ether spot prices have continued to climb upwards
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Ethereum price is trading at just below $1,800 per token after following Bitcoin’s upward trajectory to new all-time highs. Part of the buzz and momentum was generated by the introduction of Ether Futures trading on the Chicago Mercantile Exchange, also known as CME Group. During the altcoin’s debut week, Futures open
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Investors can now attempt to profit from the future price movements of Ethereum’s main crypto token, ether (ETH), on the Chicago Mercantile Exchange (CME).On Feb. 8, ether futures went live on the CME – the world’s largest derivatives exchange – 53 days after the first official plans were announced.What is
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Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before.Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours.Bitcoin’s 24-hour range: $43,948-$48,226 (CryptoX 20)BTC well above the 10-hour and
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The Chicago Mercantile Exchange (CME) has launched its much-anticipated futures contracts for ether – the native cryptocurrency of the Ethereum blockchain network.Announced in mid-December, trading in ether futures went live late Sunday, with the February contract registering an opening price of $1,669.75. At the time, the spot price stood at
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Bitcoin has been consolidating within the $30,000 region throughout the past few days and weeks Bulls and bears have largely reached an impasse, with buyers and sellers both being unable to spark any trend This comes as large institutional inflows show some signs of tapering, with these buyers largely being viewed as
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Chicago Mercantile Exchange now tops the list of the biggest bitcoin futures trading platforms, accounting for nearly 20% of all open interest. Source
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