Bitcoin Exceeds $10,000 At CME!

According to TradingView data, the Bitcoin price rose shortly above $ 10,000 on the Chicago Merchantile Exchange (CME), the world's largest futures exchange. Bitcoin price 5-digit figures were last seen in March 2018.

Bitcoin futures contracts, which broke $ 10,000 for the first time since March 2018 and reached up to $ 10,060, reached the highest level of 2019. In addition to the Bitcoin futures, the Bitcoin price rose to the highest level of the year, seeing $ 9,947 in spot markets.

CME also set a new record for the value of open positions in Bitcoin futures. Open positions the value climbed to 273 million dollars. A few days ago, the CME said the number of open positions in Bitcoin futures reached 5311 (a total of 26,555 BTC or about $ 256 million in total) on June 17, the all-time high. CME said this was due to growing institutional investor interest.

A Bitcoin futures contract means a contract to buy or sell Bitcoin at a certain price on a given day. In December 2017, CME Group became the second global stock exchange to list Bitcoin futures a week after CBOE.

As a matter of fact, CBOE announced in March that it would not add a new Bitcoin futures contract, citing that it would reassess their approach to trading digital assets.

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