Market Wrap: Bitcoin Crosses $41.9K as Ether Futures Interest Grows 85% So Far in 2021
Bitcoin hit a brand-new all-time high as traders are piling into ether futures.
Buyers showed up quickly to reverse the crypto market dip through Monday.
Despite choppy price action, news over the past few days has been extraordinarily bullish for the leading cryptocurrency.
A financially settled and U.S. regulated ether futures product makes all the difference.
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
Very low spot volume Thursday isn’t helping bitcoin's price.
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens.