Bitcoin Futures Close Highest in Nearly Two Weeks and Test $13,000
[ChainDD report] July 10 (ChainDD) On July 9 EST, the most active Bitcoin futures contracts of CME Group, the largest futures trading exchange in the world, recorded the highest close since June 26, 2019, with the second winning streak. All the active Bitcoin futures contracts surged over $300 and crested $12,000 level for the second day in a row. As of July 5, the most active contract crashed over $1300, namely about 10% decline in the week, after the 49% weekly surge in the previous week as the second consecutive weekly gain. In the whole month of June, it rose 47.5%.
On July 9, July-delivered Bitcoin futures BTC at CME rose about 2.5% to $12,760, after falling 10.4% last week. August, September and December-delivered Bitcoin futures BTC all broke past $12,800, $12,900 and $13,000 the same day.
According to ChainDD’s market tracking indicators, Bitcoin spot price on Binance traded above $13,000 level, rising nearly 3% over the past 24 hours.