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

Overnight, the Bitcoin rate increased by almost 5%, reaching $8,500, which is the highest level 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.

Since CME Bitcoin options attracted interest from institutional investors, this event stimulated price growthunderlying 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.

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.

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