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CME Group Reports Q2 Cryptocurrency Derivatives Market Statistics

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Today’s Cryptocurrency Headline

According to the latest report released by CME Group, in the second quarter of this year, the average daily open interest of its cryptocurrency products was 106,000 contracts, setting a quarterly record high; the average daily trading volume was about 57,000 contracts, setting the second highest quarterly record. Ether futures, in particular, notched an average daily volume in the second quarter of 6,600 contracts, an all-time high that was up 27% from the first quarter. A record 26,500 contracts traded June 15.

BingX’s Bitcoin Chart

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The commerce department announced Thursday that gross domestic product (GDP) decreased at an annualized rate of 0.9% in the second quarter after falling at an annualized rate of 1.6% in the first three months. Bitcoin is up 4.32% over the last 24 hours and rose to an intraday high of $24,200.00. The relative strength index (RSI) is above the midpoint, indicating that bulls have a slight edge. If the bulls push the BTC/USDT above the overhead resistance at $24,000, the pair could rally to $28,000.

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