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Alt-Coins Lead Sudden Collapse In Cryptos, Bitcoin Battered Below $10k
On the same day as The Chicago Mercantile Exchange Group’s Bitcoin futures saw an average daily volume of $515 million in May 2019, non-Bitcoin cryptos have just suddenly collapsed. CoinTelegraph reports that the CME Group’s Bitcoin futures are seeing new records in trading activity. CME Group’s managing director Tim McCourt said that in May, Bitcoin futures were, “trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent bitcoins.” Record trading volumes McCourt also noted that, on May 13, Bitcoin traded a record daily volume of 33,677 contracts, ... (full story)
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