September 23, 2023

Bitcoin exchange rate reaches 2-month high after launching PTS CME options

Bitcoin exchange rate reaches 2-month high after launching PTS CME options

During the night, the Bitcoin rate increased by almost 5%, reaching the level of $ 8500, which is the highest figure since November 17, 2019.

A jump of $ 500 occurred after only a fewhours after the Chicago Mercantile Exchange (CME) successfully launched Bitcoin options. On the very first day, the new tool exceeded the Bakkt product, existing for more than a month, in terms of trading volume. At launch, 55 contracts for 275 military-technical cooperation or $ 2.1 million were bought.

Bitcoin exchange rate reaches 2-month high after launching PTS CME options

Since CME bitcoin options interested institutional investors, this event stimulated a price increase. underlying asset, which allowed the bulls to overcome resistance in the region of $ 8,200. Over the past 24 hours, the MTC has grown by 4.6% and at the time of publication it is trading at $ 8514.

However, some analysts argue that this leap is weakly supported, so it can be followed by the same rapid decline.

Bitcoin exchange rate reaches 2-month high after launching PTS CME options

Following the leader, altcoins went for an increase. Over the past 24 hours, the ether rate (ETN) increased by 3.78% to $ 149.4, XRP added 2.15%, rising to $ 0.2176. Bitcoin cache (BCH) and lightcoin (LTC) grew by 7.24% and 7.36%, respectively.

The growth of cryptocurrency is also facilitated by the fact that HODL has again become the most popular strategy among crypto investors, since 60% of bitcoins have not left their addresses for more than a year.