menu
techminis

A naukri.com initiative

google-web-stories
source image

Cryptonews

7d

read

137

img
dot

Image Credit: Cryptonews

CME Bitcoin Futures Hit Record $13.15 Billion in Daily Trading Volume Amid Surging Demand

  • The Chicago Mercantile Exchange (CME) recorded a record of $13.15 billion in daily trading volume for Bitcoin futures, indicating the increasing popularity of Bitcoin in financial markets.
  • Bitcoin's price surged past $75,000 after Trump's re-election, fueling demand and attracting strong interest from institutional investors.
  • The CME's basis, measuring spot-to-futures price gaps, rose sharply from 7% to over 15%, indicating heightened demand for Bitcoin futures among US institutional investors.
  • The Bitcoin options market anticipates further gains, with contracts targeting $80,000 as November contracts approach expiration, supported by hopes for regulatory easing under Trump's administration.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app