Bitcoin Price Prediction: CME BTC Volatility Index Trading Frenzy
Bitcoin worth clawed again floor, barely buying and selling above $63,000 after a brutal weekend that noticed the asset crash to $59,000 amid the present bearish prediction. It was the bottom print since Donald Trump’s 2024 election victory.
However, there’s a catalyst from the derivatives market, the place CME’s newly launched Bitcoin Volatility Index futures are attracting institutional block trades. CME’s BVX benchmark simply recorded its first block trades between DV Chain and Monarq Asset Management.
The market can also be looking forward to .
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CME launches bitcoin volatility futures; crypto faces macro headwinds