Bitcoin (BTC) futures trading at the Chicago Mercantile Exchange (CME) has continued to grow in Q3, the U.S.-based exchange reported in a tweet Wednesday, Oct. 17. The CME has revealed that the average daily trading volume (ADV) of Bitcoin futures has increased by 41 percent in Q3 over Q2, while open interest (OI) — or the number of open contracts on Bitcoin futures — has risen by 19 percent in the third quarter. CME Bitcoin Futures ADV and OI in Q1, Q2, and Q3 2018. Source: CMEGroup Compared to the results of the second quarter over the first quarter, the …
Bitcoin fell below $6,000 for the second time in a week Friday, June 29, the day CME Group’s Bitcoin futures end their last day of trading for the month. Data from Cointelegraph’s price index and Coin360.io show Bitcoin continuing a trend of declines in the run-up to futures expiration dates. At press time Friday, BTC/USD is trading around $5,850, down 4.4 percent on the day, while signalling monthly losses of over 20 percent. Major altcoins had followed suit, Ethereum (ETH) down 5.6 percent to $412 and Ripple (XRP) 6.5 percent to just under $0.43 per coin. Market visualization from Coin360 …
Bitcoin futures prices fell this week after CME Group launched the world’s second Bitcoin futures contract on Monday. In contrast to the market’s 20 percent growth after Cboe’s pioneering futures launched on Dec. 10th, Bitcoin prices are tracking sideways and dropped almost seven percent in the 12 hours before press time Tuesday. Each CME contract represents five Bitcoins, whereas a contract on Cboe represents one Bitcoin. The first day’s trading at CME saw slightly higher volumes than day one at Cboe a week prior. Monday saw CME futures close at $19,100, 2.1 percent less than the debut price envisaged by …
Bitcoin (BTC) has a long history of forming local tops when events that are anticipated by the market occur. The recent Bitcoin exchange-traded fund (ETF) launch on Oct. 19 was no different and led to a 53% monthly rally to an all-time high at $67,000. Now that the price has briefly fallen below $60,000, investors are attempting to understand if the 10% correction was a healthy short-term profit taking or the end of the bull run. To determine this, traders need to analyze BTC's previous price activity to evaluate the possible similarities. The chart above depicts the day of a …
CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level. As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May was rather small at $30 million. This does not mean institutional traders abandoned Bitcoin markets, as open interest for upcoming months remains at a healthy $400 million level. Another essential gauge of institutional investors' appetite, CME Bitcoin options markets, traded $120 million worth of $11,000 and $13,000 call options for the …