Last month the price of Bitcoin reacted strongly to the news that the Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) were planning to launch Bitcoin futures – which eventually led to a massive bull run. Both mainstream exchanges successfully launched their new offerings and in both instances, the price of Bitcoin reacted favourably, although the CME launch a week after CBOE had far less of an effect on the price of Bitcoin.
At the time of writing, the Bitcoin price is sitting at $14,217, representing a gain of 13.1% in the last 24 hours. More than $1.6B worth of BTC were exchanged in the BTC/USD market representing a 39% share of daily volume, followed by the BTC/JPY pair that represents a 31% share.
The Ethereum price has risen by 20% over the past 24 hours and is currently sitting at $740, with over $360M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 27% market share of the daily trading volume.
The Bitcoin Cash price has risen 12% over the last 24 hours and is currently sitting at $2842. More than $230M worth of BCH were exchanged in the BTC/USD market, which has a 24% share of daily volume.