Bitcoin Futures Surge and Fall on Tuesday, Ether Futures Slip Slightly

Bitcoin Futures Surge and Fall on Tuesday, Ether Futures Slip SlightlyOn Tuesday (October 15), at the end of the New York session, the CME Bitcoin futures BTC main contract closed at $66,735.00, up 0

Bitcoin Futures Surge and Fall on Tuesday, Ether Futures Slip Slightly

On Tuesday (October 15), at the end of the New York session, the CME Bitcoin futures BTC main contract closed at $66,735.00, up 0.89% from Monday's New York close. It hit a daily high of $68,225.00 at 10:01 PM Beijing time, before turning lower upon the early release of ASML Holding earnings report. It then fell to a daily low of $65,005.00. The CME Ethereum futures DCR main contract closed at $2,581.50, down 1.94% from Monday. It also hit a daily high of $2,698.00 at 10:01 PM Beijing time.

Bitcoin futures continued their upward momentum from Monday in the early session, briefly breaking through the $68,000 mark. However, they then turned lower and fell back to around $65,000 due to the early release of ASML Holding's earnings report. ASML Holding is the world's leading chip equipment manufacturer, and its performance is seen as a key indicator of the global semiconductor industry. The early release of the earnings report may have led to market concerns about future chip supply and the outlook for the semiconductor industry, putting pressure on risky assets, including Bitcoin futures.

Ethereum futures performed relatively weakly, briefly reaching $2,700 in the early session before falling throughout the day, ultimately ending down nearly 2%. This could be related to the recent rise in gas fees on the Ethereum network. The high gas fees have impacted the adoption and development of applications on the Ethereum ecosystem, leading to a decline in investor confidence in Ether.

Overall, Bitcoin futures showed a surge and fall pattern on Tuesday, while Ether futures continued to decline. Future market movements will need to consider factors such as the global macroeconomic environment, changes in regulatory policies, and chip supply.