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Bitcoin Futures Hit $100K on CME
Summary: Bitcoin futures on the CME Group surged above the $100,000 mark for the second time this week, according to data from TradingView. While the cryptocurrency briefly touched the six-figure milestone, it has since retreated slightly. The latest rally comes just days after Bitcoin futures first breached the $100,000 level last Friday. However, spot prices on ...
Bitcoin futures on the CME Group surged above the $100,000 mark for the second time this week, according to data from TradingView. While the cryptocurrency briefly touched the six-figure milestone, it has since retreated slightly.
The latest rally comes just days after Bitcoin futures first breached the $100,000 level last Friday. However, spot prices on major cryptocurrency exchanges have yet to surpass the $100,000 mark.
The premium of futures contracts over spot prices indicates strong institutional participation in the market. Open interest in Bitcoin CME futures has reached an all-time high, suggesting growing institutional appetite for the world's largest cryptocurrency.
