U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
In a year of mostly bad news on inflation, the government’s Wednesday report gave some hope that Fed rate cuts might still be on the…
Tag: CME
Bitcoin Back Down to $66K as Rising Treasury Yields Catch Investor Interest
Prediction markets and CME’s Fed Watch Tool have virtually ruled out a rate cut until later this year Bitcoin (BTC) held on to losses during the Asian…
‘Smart Money’ Is Record Long on BTC Ahead of Expected Bitcoin ETF
Bullish bets by institutional investors and knowledgeable market participants have reached an all-time high on the CME, data tracked by MacroMicro show. Smart money, or…
World’s Largest Bitcoin Futures ETF Breaks 2021 Record Highs for Assets Under Management
ProShares’ BITO now has $1.47 billion in holdings, as a flurry of bitcoin ETF applications in the U.S. seemingly spurs institutional interest in the asset.…
CME to launch micro bitcoin and ether options in March
The Chicago Mercantile Exchange (CME) announced plans to launch micro bitcoin and ether options, opening the crypto derivatives market to smaller investors. These micro BTC…
Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
One observer said traders may be better off trading bitcoin volatility than taking directional bets. While the bitcoin options market has recently shed its bearish bias, some…
As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It
Last week’s launch of the ProShares Bitcoin Strategy ETF (BITO) was a smash hit by any measure. Yet, it may be that at least part…
First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts
Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. The Proshares Bitcoin Strategy ETF (ticker BITO)…
Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K
Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly…
Digital Assets: Is Crypto Adoption Breaking Out?
Mike Novogratz suggested that bitcoin is gripped by the “network effect.” There might be evidence of that. Novogratz of Galaxy Digital fame, who is also…