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Tag Archives: CME

Research: While Bitcoin Price and Volume Fully Recovered, Open Interest Is Still Lower Than March 12 Levels

The latest price developments helped Bitcoin’s price to recover following the massive sell-offs in mid-March. However, while most features of the cryptocurrency market have reclaimed previous positions, a few are still showing weak charts.Bitcoin Price Recovered Since Black ThursdayThe year started quite positively for Bitcoin and the entire cryptocurrency market. Interest, trading volumes, and ultimately prices were soaring.BTC reached its yearly high in February at around $10,500. And when...

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US CFTC Greenlights Another Exchange To Offer Bitcoin Futures

Bitnomial is the latest cryptocurrency exchange to receive the green light from the US Commodity Futures Trading Commission (CFTC) for offering US Bitcoin futures and options as designated contract markets (DCM). Announced on April 20, the derivatives contracts are to be margined and physically delivered, which means that traders will get Bitcoins after the final settlement of the contract. User Acceptance Testing Scheduled For This Month Even though the launch date of derivatives trading is...

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CME Group Should Start Mining Bitcoin, Board Of Directors Nominee Says

CME Group is the largest institutional provider of Bitcoin futures contracts. However, according to a nominee for the upcoming Board of Directors election, the company should also focus on additional operations, including mining Bitcoin and other companies, to create additional value for its stakeholders.CME Group Should Start Mining BitcoinDante Federighi is a nominee for CME Group’s upcoming board of directors election. He is also the co-founder of an investment managing firm called...

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Bitcoin Options Trading Records All-Time Low On CME And Sees No Action On Bakkt

Days after the significant volatility and Bitcoin price declines, Bitcoin Options trading volume on regulated exchanges sees record-breaking lows. While CME’s Options platform recently hit its all-time low level, Bakkt’s situation is even worse without any action for weeks.CME’s Bitcoin Options Volume ATLIn the middle of March, the cryptocurrency market, along with most financial markets, plunged amid the outbreak of the novel COVID-19 virus. In just a day, Bitcoin’s price dropped by...

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Bitcoin Options Trading Volume Records New All-Time High Amid The BTC Price Plunge

The recent volatility in the global markets and the cryptocurrency markets has raised most trading volumes. Bitcoin options, for instance, reached a new all-time high yesterday. The futures market also saw a massive jump in the volume, as Binance Futures breaks its all-time high record.Bitcoin Options Volume SoarsThe past several days have been quite harmful to the cryptocurrency market in terms of price action. For example, the leading digital asset by market capitalization, Bitcoin, lost...

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Bitcoin Price Kisses $10,000 Levels Before Falling, CME Gap Can Be One of Obstacles

The Bitcoin price plays around $10,000 levels and faces stiff resistance. Several indicators suggest a bullish view ahead for the short-term. Analysts expect the BTC price to rally further above $10,300.Over the last week, the Bitcoin price has remained largely volatile as it plays around $10,000 levels. Earlier last week, the Bitcoin price surged from $9500 levels to all the way to $10,200 by Wednesday, February 19.However, on the very next day, February 20, the BTC price lost all its gains...

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CME Bitcoin Futures Records Over $1B In Daily Volume As The Interest Surges

With Bitcoin’s price increase in 2020, so does the interest in futures trading. A few days ago, for instance, CME recorded one of its best trading days with over $1 billion in daily volume.Other significant names in Bitcoin Futures trading, including BitMEX and Binance, are also noting impressive volumes lately.CME Bitcoin Futures Volume SpikesThe Chicago Mercantile Exchange (CME) opened its Bitcoin Futures platform in late 2017. It’s a regulated establishment that allows contracts to be...

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CME Bitcoin Futures May Ensure Bright Prospects for BTC

According to the statistical data from the CME Bitcoin futures market, BTC may continue rising despite the current pullback.The CME Bitcoin futures market opened with the latest refresh data showing the best for BTC since the company introduced it in 2017. The data from CME Group provides investors and traders with transparency, price discovery and also risk management capabilities in order to make informed decisions in their trading. Therefore, it is worth noting that the latest update...

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Bitcoin Price Dips Over $500 As Latest CME Gap Gets Filled

Bitcoin’s positive price movement continued over the weekend, and it surpassed the coveted $10,000. Today, however, the largest cryptocurrency recorded a notable drop of over $500 in a few hours, which also filled the CME closing gap from Friday.Bitcoin Drops With $500Bitcoin has been on quite the run lately. For the first time since October last year, it went above $10,000. However, the price of the largest digital asset took a serious dive of over $500 in just a few hours.The dip aligned...

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Bitcoin Price Could Reach $27,000 in 180 Days as Halving Is Just 100 Days Away

Tom Lee is a person who always gives positive price predictions when it comes to Bitcoin. But now, there’s a bunch of other people claiming that Bitcoin halving might be not good for the Bitcoin price dynamics.He thinks that the technical analysis, as well as the core principles of Bitcoin, show that the price should go up. His agency Fundstrat gains up to 193% of easy profits out of Bitcoin. Per Tom Lee:“Yes, 2020 should be great for Bitcoin. Because you got, number one the Halving happening...

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