The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps.
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The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps.
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Mike Novogratz’s Galaxy Digital will serve as the counterparty entity for Goldman Sachs’s Bitcoin futures trading product.
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Spot Bitcoin prices rallied towards $40,000 over the weekend but hinted at bullish exhaustion as CME Bitcoin futures opened Monday with a $1,500-plus gap.
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On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen six consecutive gaps since the […]
The post Bitcoin Price Drops 17%, Large CME Futures Gap Filled, BTC Spot Markets Rebound appeared first on Bitcoin News.
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CME Group temporarily paused trading of bitcoin futures after the market opened to a large gap of over $3,000 between the derivatives and the underlying crypto asset. According to a report, it was this huge futures gap which “amounted to a massive upside volatility” that led to the trading pause. Futures gaps are caused by […]
The post Large Bitcoin Futures Gap Causes Temporary Trading Pause, ETH Open Interest Hits All Time High appeared first on Bitcoin News.
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Financial derivatives products for bitcoin have grown massively during the last few months. On Friday evening (EST), Arcane Research explained that the Chicago Mercantile Exchange has surpassed Okex as the largest bitcoin futures provider. The regulated derivatives market at CME has doubled month after month as incoming interest has created more demand for CME’s bitcoin […]
The post CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market appeared first on Bitcoin News.
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