Cryptocurrency
Bitcoin CME Open Interest Grows 3000% Since Start of May, But What’s Behind The Surge?
As NewsBTC reports, “Bitcoin futures open interest over at the Chicago Merchantile Exchange, better known as CME, has surged by 3,000% since the start of May 2020. “What’s fueling the sudden spike in interest in the first-ever cryptocurrency and can it continue into the future? “The arrival of Bitcoin futures trading coinciding with a mainstream media […]
As NewsBTC reports, “Bitcoin futures open interest over at the Chicago Merchantile Exchange, better known as CME, has surged by 3,000% since the start of May 2020.
“What’s fueling the sudden spike in interest in the first-ever cryptocurrency and can it continue into the future?
“The arrival of Bitcoin futures trading coinciding with a mainstream media blitz, retail FOMO, and the promise of free coins from a hard fork created the perfect storm for the first-ever cryptocurrency to reach its all-time high of $20,000 and put the asset class on the map…”