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Bitcoin Options Launch Imminent as CME Open Interest Hits 7-Month High

From cointelegraph.com

Bitcoin (BTC) futures traders generated at least $20 billion in daily volume last week as two new options products prepared to hit the market. According to data released by futures provider CME Group on Jan. 9, its futures contracts alone saw open interest almost 70% higher than at the end of 2019. Open interest was the among the highest ever last week, only noticeably lagging behind the peak seen at the end of June. At the time, BTC/USD was circling its local highs of $13,800, while the past seven days likewise saw a price uptick up to $8,400. As Cointelegraph reported, interest has surged in the run-up to CME ... (full story)

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  • Category: Fundamental Analysis