Bitcoin Futures Tumble Below $8000 and Off One-Week High
[ChainDD report] June 12 (ChainDD) On June 11 EST, the most active Bitcoin futures contracts of two major U.S. futures exchanges resumed decline and fell below $8000 , down 1% in one session and off the highest close since June 3 recorded in previous session. As of June 7, the futures tumbled 6% in a week, ending the five-week winning streak but recorded more than 62% surge in the whole month of May.
July-delivered Bitcoin futures BTC at CME Group, the largest futures exchange in the world, fell about 1.2% to $7920, dropping about 6% during last week.
June-delivered Bitcoin futures XBT at Cboe, the largest option exchange in U.S., went down about 0.2% to $7922.5, with a weekly decline about 5.9% as of June 7.
According to ChainDD’s market tracking indicators, Bitcoin spot price on Binance traded below $8000, falling more than 0.1% over the past 24 hours.