The Bitcoin price has regained momentum, rising toward the $120,000 level after experiencing a short-lived pullback earlier this week. However, recent technical analysis warns that an unfilled Chicago Mercantile Exchange (CME) gap near $116,500 may act as a barrier, potentially creating the risk of a price crash as BTC makes its way toward a fresh…
In an ever-evolving world of cryptocurrency markets, deciding the bottom of Bitcoin price correction is an endeavor that attracts interest from both investors and analysts. Joining the fray is cryptocurrency analyst and trader MilkyBull offering insights on the subject, claiming that Bitcoin’s local bottom has developed due to a certain development. Following its weekend recovery…
Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a…
The open interest in XRP and Solana (SOL) futures and options has reached a record $3 billion on the Chicago Mercantile Exchange (CME). According to the CME data, this remarkable milestone was reached during Monday’s session, which saw both XRP and Solana reach their highest level of participation. Both cryptocurrencies have gained traction among institutional…
It’s a new record for the CME. The Chicago Mercantile Exchange’s front-month contracts exhibit a large discount compared to bitcoin’s spot market price. These are the futures contracts that are soon to expire. The CME’s quarterly contracts tend to trade at a minimum premium, and this kind of discount for front-month contracts is not usual.…