Cryptocurrency Analysis and News Portal
The CME Group has seen a massive surge in open interest for Bitcoin Futures contracts that also hints towards rising institutional participation.Last month of June was pretty good for Bitcoin investors. The price of the world’s largest cryptocurrency surged to its 2019-high moving close to $14,000 but finally correcting last
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CME’s Crypto Market Sees Massive JuneAccording to a recent report from CoinDesk, Bitcoin futures on the CME — one of the world’s leading derivatives market — saw a stellar June. The Chicago-based platform’s BTC-related vehicles were traded by over 2,960 accounts, most of which are purported to be hedge funds,
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The Chicago Mercantile Exchange (CME) Group has announced more record-breaking highs for bitcoin (BTC) futures in an official Twitter post on June 28.The futures in question are standardized contracts that bind a party to buying or selling bitcoin at some set time after signing.According to the post, CME Bitcoin
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Yesterday BitMex reported on Twitter that it hit a record in daily volume as Bitcoin went pass $13,000. BitMex, which is a leading Bitcoin derivatives trading platform, topped $16 billion in volume across its products.After Bitcoin had reached $13,000, BitMex went on Twitter and revealed that their daily volume across
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Bitcoin hit a new 2019 record price Tuesday. The virtual currency reached $11464, the highest since March 2018. After paring its gains slightly, Bitcoin is trading at $11232 as of this writing. Bitcoin has been on a strong recovery path from its 2018 lows in recent months. Last week it made significant gains,
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View Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains have bolstered the long-term bullish technical setup. While the
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Bitcoin’s price set another new high for 2019 reaching $9,693 and it seems that it doesn’t have intention to stop surging. On June 20, the world’s largest cryptocurrency by market capitalization broke upwards on the daily chart, after being held beneath $9,348 for an extended period of time.2019 seems to
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The Bitcoin (BTC) hash rate — the total computing power of the bitcoin network — reached new all-time highs this week, data from monitoring resource Blockchain.com confirmed on June 19.As the Bitcoin price set a new annual record above $9,000, hash rate, which can be taken as a measure
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View The bitcoin price rally seems to have stalled near $9,300 with the price-volume analysis suggesting scope for a minor pullback to $9,000-$8,700. Record open interest in bitcoin futures listed on the Chicago Mercantile Exchange indicates a surge in institutional
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Photo: ShutterstockSince in March the Chicago Board Options Exchange (CBOE) announced they were ending its Bitcoin futures products, the Chicago Mercantile Exchange (CME Group) has seen a huge flood of bitcoin derivatives volumes.In May, CME’s bitcoin futures surpassed 33,000 contracts ($1.3 billion notional value) in one day. Also, CME’s
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