Bitcoin Hits New High! CME Bitcoin Futures Surge Past $77,000, Crypto Market Soars
Bitcoin Hits New High! CME Bitcoin Futures Surge Past $77,000, Crypto Market SoarsIn late trading on Wednesday in New York, the CME Bitcoin Futures BTC lead contract closed at $76,585.00, up 9
Bitcoin Hits New High! CME Bitcoin Futures Surge Past $77,000, Crypto Market Soars
In late trading on Wednesday in New York, the CME Bitcoin Futures BTC lead contract closed at $76,585.00, up 9.63% from Tuesday's close. At 4:59 Beijing time, it rose to $77,140.00, hitting a new all-time high. Spot Bitcoin has risen over 9.7% in the past 24 hours, reaching a new all-time high of $76,475.38 at 4:54.
The CME Ether Futures DCR lead contract closed at $2,711.00, up 11.11% from Tuesday. It reached $2,730.50 at 5:17. In the cryptocurrency/blockchain sector, Coinbase closed up 31.11%, CipherMining surged over 31%, Riot Platforms rose over 26.1%, the 2x Bitcoin ETF jumped over 19.7%, Robinhood surged over 19.6%, "Bitcoin heavyweight" MicroStrategy MSTR climbed approximately 13.2%, Canaan Inc. ADR gained around 13%, the Ether ETF ETHV rose over 11.4%, and the Bitcoin ETF BITB gained around 9.9%.
This latest surge in prices has undoubtedly rekindled market enthusiasm for cryptocurrencies. Bitcoin's price breaking through an all-time high showcases its powerful upward momentum, driving a collective surge in other cryptocurrencies and related stocks.
The soaring stock prices of cryptocurrency trading platforms like Coinbase reflect the ongoing increase in demand for cryptocurrency trading. The significant gains in mining companies like CipherMining and Riot Platforms indicate investor confidence in the cryptocurrency mining industry.
It's noteworthy that the stock performance of "Bitcoin heavyweights" like MicroStrategy MSTR has also been incredibly strong. MSTR, a company with a substantial Bitcoin reserve, sees its stock price largely influenced by market expectations surrounding Bitcoin's value.
The cryptocurrency market has experienced rapid growth in recent years, establishing itself as an undeniable part of the global financial system. With the increasing interest in cryptocurrencies from institutional and retail investors alike, the cryptocurrency market is expected to sustain its growth trajectory going forward.
However, investors need to be aware of the volatility inherent in the cryptocurrency market. Cryptocurrency prices are susceptible to market sentiment, policy changes, and other factors. As such, exercising caution and implementing risk management strategies is crucial when investing in cryptocurrencies.
Tag: Bitcoin Hits New High CME Futures Surge Past Crypto
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