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Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product. Also read: Honestnode Founder … Read more
At press time, the price of bitcoin remains virtually unchanged since our previous coverage and is still hovering within the $6,400 range. Apparently, $6,400 has become the new $6,500, or the spot where bitcoin feels the most comfortable. The currency spent several days, if not weeks, traversing the $6,500 boards, but following a $300 drop … Read more
Chicago Mercantile Exchange & Chicago Board of Trade (CME Group Inc) announced a partnership with Crypto Facilities Ltd to list the price of ether in real-time dollars. Information from major cryptocurrency exchanges Bitstamp and Kraken will be used to determine the CME CF reference rate. This could be a hint of things to come for … Read more
Reports are increasingly indicating that bitcoin’s recent drop of 70% from its December record highs of nearly $20,000 has spurred a renewed interest in the BTC and cryptocurrency markets from institutional investors. Also Read: Markets Update: Broken Trendlines and Bullish Bounces Reports Indicate Influx of Institutional Investment Jeffrey Van de Leemput, an analyst working for Cryptocampus, … Read more
