Bitcoin Futures Surge Over 13% This Week, Spot Price Climbs Back Above $60,000
Bitcoin Futures Surge Over 13% This Week, Spot Price Climbs Back Above $60,000In the New York closing on Friday, the CME Bitcoin futures contract (BTC) was trading at $60,110.00, up 2
Bitcoin Futures Surge Over 13% This Week, Spot Price Climbs Back Above $60,000
In the New York closing on Friday, the CME Bitcoin futures contract (BTC) was trading at $60,110.00, up 2.61% from the previous day's close. A significant surge occurred at 23:20 Beijing time, resulting in a weekly gain of approximately 13.39%. Overall, the market experienced a volatile upward trend, trading within a range of $54,545.00 - $60,245.00. Spot Bitcoin has risen 14.13% over the past seven natural days, maintaining a volatile upward trend and trading within a range of $52,598.85 - $60,390.01. The last time it dipped below the $60,000 psychological threshold was on August 29.
The CME Ethereum futures contract (DCR) was trading at $2,430.50, up 2.99% from Thursday, resulting in a weekly gain of 10.83% and trading within a range of $2,280.50 - $2,438.00.
Both Bitcoin futures and spot prices experienced significant increases this week. Bitcoin futures gained over 13%, while spot prices climbed back above $60,000. The overall market trend is characterized by volatile upward movements. Ethereum futures also performed well, gaining over 10% this week.
It is noteworthy that Bitcoin futures experienced a significant surge at 23:20 Beijing time, possibly linked to a shift in market sentiment. Additionally, spot Bitcoin's 14.13% gain over the past week indicates a resurgence of confidence in the cryptocurrency.
Overall, the cryptocurrency market performed well this week, with both Bitcoin and Ethereum prices experiencing gains. Future market movements will continue to be influenced by factors such as the macroeconomic environment, regulatory policies, and market sentiment.
Tag: Bitcoin Futures Surge Over This Week Spot Price Climbs
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