Chicago Commodity Exchange recorded a record price gap to Bitcoin futures due to Pampa last weekend
Last Sunday, December 27, the Chicago Commodity Exchange (CME) recorded the record GAP (break in price) to Bitcoin futures. The user drew attention to this by the user under the nickname @zndtoshi on the page on Twitter.
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According to the graphics of the price of Bitcoin futures on CME, on Thursday, December 24, the Exchange closed Bidding before Christmas weekend at $ 23,670. However, on December 27, Bitchin-futures bidding opened at $ 26,650 (+ 12.5%).
According to the co-founder of Blockstream Adam Pack, the huge GEP was formed not only because of the local bullish Bitcoin's bullish rally, but also due to the fact that at the Christmas holidays CME went to Offline, although the Bitcoin market works without days off and trading on other sites still go .
Bull Wave
At the last weekend, December 26-27, the price of Bitcoin has repeatedly updated historical maxima, approaching the mark of $ 30,000. Peak prices have been achieved on December 27 at the level of $ 28,395. Since then, Bitcoin began to adjust and at the time of writing material price BTC / USDT is $ 26,920.
Back in February, the chief economist CME Group Bloford Patna said that Bitcoin may well become a good tool for diversifying the investment portfolio. Despite the fact that cryptocurrency is still unpredictable due to the lack of correlation with macroeconomic factors, Patna believes that Bitcoin can become an effective tool for diversification by adding only 2% in the investment portfolio.
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In the meantime, the largest adjustable platform for trade of derivative financial instruments already in early 2021 intends to launch futures contracts for ETH. The exchange said that they received permission from regulators and are ready to start trading on ETH futures from February next year.
CME find bidding cryptocurrency asses extremely effective. Only in 2019, the Bitcoin futures brought the exchange to the revenue of $ 5 billion from the beginning of 2020. The average daily trading volume on CME is about 42,800 bits in the amount of more than $ 880 million.
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