If BTC breaks through $20,000 next stop $10,000.........
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I blessed the con today. My blessings never fail
if we ever see that then life on earth has ended
guess you're all about 10 million dollar bored apes too.
hey, if you're gonna go full 'tard, then go full 'tard
btc price will go to $500k each, then $1M and higher
Based on a single reason of Bitcoin scarcity vs fiat inflation, those prices are inevitable
Add the dozens of other reasons (you can search the forum for "Prolly nothing")
If you cannot understand why btc will go to $500K and $1M and much higher then perhaps you're the full 'tard, Jack??
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July 2022 | Crypto Insights
CME Group Cryptocurrency futures and options reach all-time highs amidst market uncertainty
Although volatility has returned to the broader crypto market this year, CME Group’s Cryptocurrency product suite continues to be a haven of consistent liquidity, volume, and open interest (OI) for investors seeking to hedge their risk or gain exposure to the asset class.
Recent records
- Q2 was a record quarter in terms of average daily OI (106.2K contracts) and second best in terms of average daily volume (57.4K contracts) across all Cryptocurrency products.
- Ether futures (ETH) achieved a record ADV in Q2 of 6.6K contracts (+27% vs. Q1) while daily OI averaged 3.5K contracts. A record 26.5K contracts traded on June 15.
- During the week of June 21, CME Group's Cryptocurrency futures combined number of Large Open Interest Holders (LOIH)* reached a high of 404, signaling growing interest from institutional and large sophisticated investors.
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Enhancements to BTIC on Cryptocurrency futures help participants manage ETF risk
Basis Trade at Index Close (BTIC) is now available on Bitcoin, Micro Bitcoin, Ether, and Micro Ether futures against their respective CME CF Reference Rate published at 4:00 p.m. New York time.
The enhancement will enable market participants to better manage risk around the NAV calculation of North American Cryptocurrency ETFs by allowing them to trade Cryptocurrency futures at a spread or basis relative to their desired benchmark.
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Cryptocurrency benchmarks: An expanded offering
- On April 25, CME Group, in partnership with CF Benchmarks, launched Reference Rates and Real-Time Indices on 11 more cryptocurrencies, including solana and cardano.
- Bitcoin-Euro and Ether-Euro Reference Rates and Real-Time Indices are also now live.
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Source: CME Group. Data as of June 30, 2022, unless otherwise specified.
*A Cryptocurrency futures LOIH is defined as any entity that holds at least 25 contracts of the respective futures.
To
Members, Member Firms and Market Users
From
CME Group Research and Product Development
Advisory Number
SER-9035
Advisory Date
August 4, 2022
Effective Date
August 29, 2022
Equity Index Advisory
Effective Sunday, August 28, 2022, for trade date Monday, August 29, 2022, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will list the Bitcoin Euro Futures and Ether Euro Futures contracts (the “Contracts”) for trading on the CME Globex electronic trading platform (“CME Globex”) and for submission for clearing via CME ClearPort.
You're assuming that the newly onboarded will keep committing to BTC when reality has already shown that they aren't.
Last I remember, everyone and their mother in crypto was convinced that BTC would have hit $100k by now. I expected $85k at the least and Im practically a BTC hater.
And what happened?
Saylor looking like a fool and stepping down in his role is what happened.
Give it time. We got screwed by the liquidity drainage by the Fed
The Fed actions took over $10 Trillion from the US Stock and Bond Market values so cryptos are not the only ones suffering or have suffered
That's the reason BTC did not hit $100K, but don't you worry when the Fed turns the money printer back on full blast, $100k/btc will be a drop in the bucket
Party on!!