Market Wrap: Bitcoin Hits Record $48.2K as CME Ether Futures at $33M Volume o...
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
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Bitcoin’s price is on a rising trend for the first time this week.
The volume on Ethereum futures flipped Bitcoin's after hitting a new record at $10 billion, and derivatives data suggests further upside for Ether price. In the past 30 days, Ether (ETH) price decoupled from Bitcoin (BTC) to post a 67.5% gain, while the leading cryptocurrency price has barely moved. Ether's $3,605 all-time high on May 5 was responsible for boosting the asset's futures open interest to $10 billion.This movement brings up some crucial questions as the dominance of Bitcoin's derivatives markets appears to be challenged at the moment. On May 4, Ether's aggregate futures....
Bitcoin hit a brand-new all-time high as traders are piling into ether futures.
Bitcoin breaks $34K while ether futures continue to gain steam.
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.