CME Bitcoin Futures Record $1.7 Billion High in Notional Value
The Chicago Mercantile Exchange (CME) Group has announced more record-breaking highs for bitcoin (BTC) futures in an official Twitter article on June 28.
The futures in question are standardized contracts that bind a party to purchasing or selling bitcoin.
The open interest for BTC stocks sits as a result of interest, reportedly in 6,069 contracts.
New CME bitcoin futures record. Source: Twitter
A week prior $10,000 was broken by CME bitcoin futures, according to data on TradingView. 1 day on June 20, before that, the CME Group posted another record high of futures contracts totalling 26,555 BTC — roughly $280 million at press time.
The value of this cryptocurrency BTC itself is currently hovering around $10,500 at press time. After briefly trading sidewise in that range on June 28 and June 28, bitcoin peaked around $13,800 final week, but failed to hold.
BTC bull Max Keiser predicted that altcoins will go under as investors move heavily from alts to BTC because of its superiority, as reported by Cointelegraph. “The altcoin phenomenon is finished,” said Keiser.