CME Bitcoin Futures Surge Past $100,000, Ethereum Also SoarsCryptocurrency markets experienced a strong rebound in late New York trading on Wednesday, December 4th. The CME Bitcoin futures BTC main contract closed at $98,780
CME Bitcoin Futures Surge Past $100,000, Ethereum Also Soars
Cryptocurrency markets experienced a strong rebound in late New York trading on Wednesday, December 4th. The CME Bitcoin futures BTC main contract closed at $98,780.00, up 2.33% from Tuesday's New York close. Significantly, the contract briefly surpassed the $100,000 mark at approximately 4:49 AM Beijing time (less than fifteen minutes before the US market closed), reaching a recent high. This upswing also boosted other crypto assets. The CME Ether futures DCR main contract performed equally strongly, closing at $3,893.50, up over 6.00% from Tuesday. It hit an intraday high of $3,949.00 at around 4:25 AM Beijing time.
This significant rise in the cryptocurrency market reflects a positive shift in market sentiment. While the precise reasons require further analysis, the surge undoubtedly injected confidence into investors and sparked speculation about the future trajectory of cryptocurrencies. The price volatility serves as a reminder that the cryptocurrency market is highly volatile and investment should be approached cautiously. Fluctuations in CME futures contract prices also reflect, to some extent, the price trends in the spot market, providing investors with an important benchmark. Future market trends remain uncertain, and investors should closely monitor market developments and make rational decisions. The Daily Economic News reported on these sharp price swings.
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