In other positive news, US derivatives marketplace operator CME Group announced in a Wednesday tweet that the open interest in its Bitcoin (BTC) futures product has reached an all-time high on Tuesday. The company views this as a sign of growing institutional interest.
“CME Bitcoin futures (BTC) shows growing signs of institutional interest. BTC open interest rose by a record 643 contracts in a single day, establishing a new all-time high of 5,311 contracts on June 17,” the tweet reads.
In today’s trading, the Bitcoin price stood at $9,724.50, as of 07:08 BST. The digital currency has gained 4.6% in the past 24 hours. Its total market capitalisation currently stands at $172.8 billion, which represents 57.8% of the combined value of all digital currencies.
Featured image: Jaruwan Jaiyangyuen / Shutterstock.com
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The post Bitcoin price (BTC/USD) reaches new 2019 high above $9,700 appeared first on The Independent Republic.
source: https://theindependentrepublic.com/bitcoin-price-btc-usd-reaches-new-2019-high-above-9700/
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