Bitcoin Price Surges: CME Futures Close at $70,300 on MondayBitcoin futures on the CME Group (CME) closed at $70,300.00 on Monday at the New York close, a 4
Bitcoin Price Surges: CME Futures Close at $70,300 on Monday
Bitcoin futures on the CME Group (CME) closed at $70,300.00 on Monday at the New York close, a 4.48% increase from Friday's close. Intraday trading ranged from $68,070.00 to $70,600.00. This rise continues the recent positive trend in Bitcoin's price.
Meanwhile, the spot Bitcoin market also showed strength. Over the past 24 hours, Bitcoin's price increased by 2.88%, currently trading around $69,636. At 3:21 AM Beijing time, Bitcoin briefly reached a high of $69,864.00. Notably, since breaking above its 200-day moving average on October 14th, Bitcoin has seen a sustained upward trend, demonstrating considerable upward momentum.
This price increase may be attributed to a combination of factors, including improved market sentiment, continued participation from institutional investors, and shifts in the macroeconomic environment. However, the Bitcoin market remains highly volatile, and investors should exercise caution. Future price movements remain uncertain, and close monitoring of market dynamics is advised. Data in this report is sourced from the Financial World AI Telegram.
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