Institutions hold record bullish beets in CME Bitcoin futures as the cryptocurrency shows resilience to negative news. Source link
Futures
29 posts
Bitcoin is turning bullish Thursday while ether futures open interest sticks around $1 billion the past month. Bitcoin’s price is on the rise Thursday, moving from a mostly flat trend to hit as high as $11,543 on spot exchanges such as Bitstamp. It was changing hands at $11,537 as of press time. The move upward arrives as the world’s oldest cryptocurrency has struggled to stay above $11,500 since Oct. 13. Andrew Tu, an executive at trading firm Efficient Frontier, said this phenomenon, often known as “resistance” where traders take profits, creates sell momentum and holds back bitcoin from pushing higher. “There […]
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens. Source link
Open interest on the Seychelles-based cryptocurrency exchange is down nearly 50% from the $125 million observed Oct. 1. Source link
Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant’s Denis Vinokourov. Source link
Since the announcement from U.S. regulators, BitMEX has witnessed an outflow of more than 40,000 bitcoins, currently worth more than $422 million. Source link
BitMEX is adding chainlink and tezos futures, the cryptocurrency derivatives exchange said. Source link
Huobi Futures will offer bitcoin options starting Tuesday, aiming to meet demand from traders for ways to hedge against risks in crypto markets. Source link
Growing institutional interest is helping to drive a recent spike in volume on Bakkt, according to its president, Adam White. But the U.S.-regulated crypto derivatives exchange is holding out hope its dormant options platform will eventually gain traction. Trading volumes for physically settled bitcoin futures on Bakkt rose to $134 million on Tuesday from a previous high of $132 million on July 28, according to crypto derivatives data firm Skew. Bakkt went live last September. Bakkt open interest and volume.Source: Skew “The market recognizes the value that a regulated physically delivered bitcoin future offers for hedging and risk management and speculation,” […]
The funds likely boosted short positions to take advantage of attractive “cash and carry” yields. Source link
Price Point Bitcoin traded slightly higher early Thursday at $11,772 after falling for two straight days. The largest cryptocurrency by market capitalization has declined 1.3% this week as the U.S. dollar strengthened in foreign exchange markets. The greenback gained support Wednesday as the Federal Reserve said it wasn’t immediately planning to implement a “yield curve control” program that probably would have brought an accelerated pace of money printing. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in […]
Price Point Bitcoin was mostly subdued over the weekend, staying in its recent range between $11,000 and $12,000. Ether, trading around $430, is looking to extend a run of four straight weeks of gains during which prices have nearly doubled. In traditional markets, U.S. equity futures and European stocks advanced, after China’s central bank pumped about $100 billion into the country’s banking system. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and […]
Bitcoin was little changed at around $11,000 with lower spot volumes as traders eye growth in the market for ether futures. Bitcoin was little changed at around $11,000 Thursday as traders digested reports the U.S. economy shrank during the second quarter at the fastest pace on record, and that President Donald Trump is wondering if the Constitutionally mandated November presidential election could be delayed. Trading was light, with volume of about $113 million on the Coinbase exchange, after a price rally earlier this week led to a surge in volumes. “Bitcoin’s push has been fueled by the drive towards safe-haven assets,” […]
The market for Bitcoin futures snapped back into life on Monday as the cryptocurrency’s price surged up to an 11-month high. Source link
Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange (CME) has cooled notably as the leading cryptocurrency languishes in the price doldrums. Daily trading volume fell to $87 million (via 1,895 contracts) on Friday to hit the lowest level since April 17, when the exchange-traded contracts were worth $77 million, according to data from crypto derivatives research firm Skew. Bitcoin futures volume on CMESource: Skew Volume topped out at $914 million on May 11 – the day bitcoin underwent its third miner reward halving – and has been on a declining trend ever since. The halving was widely expected […]
The vitriol and obsessive hatred consuming Democrat leaders and their sycophantic supporters is driving them to pursue policies intended to damage Donald Trump. But the law of unintended consequences reigns supreme and the Dems actually are savaging the African American community. Turns out that under the Democrat calculus, Black Lives really don’t matter. Covid fear mongering, in tandem with the BLM hysteria, is dramatically changing the landscape of education, from primary to post-graduate. Until March 1st, 2020, attending a class and mingling with other students was the norm in the United States, but that model appears to be going the way […]
The interest by foreign investors in trading in yuan-based oil futures has grown significantly. According to the Shanghai Energy Exchange, this year, foreigners accounted for 16 percent of the daily turnover of trading in yuan futures. Over the year, the volume of transactions with foreigners has almost doubled. China launched trading in yuan oil futures in 2018. Initially, the volume of transactions was small, and the Chinese benchmark contract served only the domestic market. Global traders are used to Brent and WTI dollar-denominated benchmark contracts, and, at first, yuan futures may have appeared to be an unusual derivative, if only because […]
Bitcoin has has long been feted as a new form of money, a two-finger salute to the establishment, even as a digital equivalent to gold, but it’s not often prized for its stability. That could change with the introduction of a new futures contract. Crypto exchange BTSE has taken the unorthodox decision to price tether gold futures contracts in bitcoin, rather than in the more conventional U.S. dollar. Here’s how it works: It’s a perpetual contract – a future without expiry – that tracks the value of one tether gold (XAUT) token, which itself tracks the value of one troy ounce […]
https://cdn1.img.sputniknews.com/img/107958/04/1079580413_0:216:3072:1944_1200x675_80_0_0_63e1e7f5a10796911080ecefefba74ad.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202006111079580384-us-stock-futures-fall-as-states-continue-with-reopening/ While investors are evaluating the results of the US opening up, concerns have arisen about a possible second wave of new coronavirus (COVID-19) cases. A spike in infections has already been registered in Texas and some counties of California. US stock futures dropped in overnight trading on Wednesday, according to CNBC News. Futures contracts tied to the Dow Jones Industrial Average lost about 120 points, while the S&P 500 and the Nasdaq 100 futures slid 0.4 and 0.2 percent, respectively. Futures dipped following consistent losses on the stock market. The Dow fell about 280 points, and […]
Fidelity’s digital asset subsidiary found the number of U.S. institutional investors buying crypto derivative products jumped significantly in 2020. Fidelity Digital Assets said institutional sentiment was improving in relation to cryptocurrencies. “[A]lmost 80% of investors surveyed finding something appealing about the asset class,” it said. But what’s far more interesting is right down in the guts of the survey. Talking about how institutional investors are increasing their portfolio allocation to cryptocurrencies – the top one, unsurprisingly, being bitcoin – it goes on to say, “22% of U.S. respondents invested in digital assets have exposure via futures, which is a substantial increase […]
US 01:35 GMT 01.06.2020Get short URL https://cdn1.img.sputniknews.com/img/107948/11/1079481105_0:17:3072:1745_1200x675_80_0_0_b4bf0c915b05df3288412007a9de269a.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202006011079481095-us-stock-futures-drop-following-consecutive-gains-in-may/ May has been a relatively positive month for the US futures market, as traders were driven by optimism about the US economy gradually opening up from the coronavirus-induced lockdown. US stock futures traded lower on Sunday night and will enter June on a negative note, according to CNBC News. Futures contracts tied to the Dow Jones Industrial Average were 39 points (0.15 percent) lower. S&P 500 and Nasdaq 100 futures also dipped 0.2 percent each. As the economic reopening of the country continues, major stock indexes experienced their first back-to-back monthly gains since late […]
Bitcoin moved back over $9,000 earlier on Tuesday alongside signs of an improved risk appetite in the traditional markets. Prices rose to a high of $9,010 at 08:05 UTC, but quickly fell back below $8,900, pouring cold water over excitement generated by Monday’s 2.3% bounce from the two-week low of $8,630. At press time, the number one cryptocurrency by market value is changing hands near $8,860, according to CoinDesk’s Bitcoin Price Index. Meanwhile, the futures tied to the S&P 500, Wall Street’s equity index, are reporting over 2% gains Tuesday. Major European equity indexes are flashing green, too, with the U.K.’s […]
Business 22:56 GMT 17.05.2020Get short URL The oil market has been extremely volatile since early March, as the World Health Organisation (WHO) declared the novel coronavirus outbreak a pandemic. Investor optimism has risen after several countries announced plans to ease their coronavirus lockdowns and allow businesses to reopen, driving up oil demand. The price of futures contracts for West Texas Intermediate (WTI) crude with delivery in July surged to over $30 per barrel in the early hours of Monday for the first time since 17 March, market data shows. As of 01:01 am Moscow time (10.01 pm GMT 17 May), the June futures […]
Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday, the third consecutive day of open interest records this week. Significant growth in CME futures demonstrates the intensifying contest between the stalwart institutional trading platform and crypto-native derivatives exchanges like BitMEX. Over the past month, CME’s bitcoin futures market has grown faster than nearly every other bitcoin futures market on a percentage and real growth basis. Soaring CME open interest coincides with news that prominent American hedge funds are interested in investing in bitcoin futures. As of April, Renaissance Technology’s flagship Medallion fund […]
With less than a week to go before the expected May 12 halving event, bitcoin’s price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue after the halving. In early trading at 00:00 UTC, the world’s oldest cryptocurrency was around $8,957 before jumping as high as $9,399 at 13:00 UTC (9 a.m. EDT) on spot exchanges including Coinbase. It was changing hands at a price above its 10-day and 50-day technical indicator moving averages, signaling bullish sentiment Wednesday. At press time bitcoin (BTC) was […]
Bitcoin is quickly gathering upward momentum alongside a surge in open positions on futures listed on the Chicago Mercantile Exchange (CME). The top cryptocurrency by market value jumped to a high of $9,220 at 10:20 UTC on Wednesday, having settled (UTC) above $9,000 on Tuesday to register its first above-$9,000 daily close in two months. Meanwhile, open interest – or the number of futures contracts outstanding on the CME – rose to $351 million on Tuesday, the highest level since July 10, 2019, according to the data provided by crypto derivatives research firm Skew. Source: Skew Open interest hit a bottom […]