Meanwhile, bitcoin futures open interest on the CME overtook Binance for the first time — a sign of increasing institutional interest.
The price of ether surged over 10% yesterday after BlackRock registered an Ethereum Trust in Delaware and a spot Ethereum ETF with Nasdaq a few hours later, leading to a “ nuclear winter for everybody who doubted Ethereum,” according to investment firm Matrixport's Head of Crypto Research and Strategy Markus Thielen.
Cryptocurrencies traded over $100 billion in volume during the last 24 hours, according to The Block’s price data. Bitcoin witnessed $34 billion in trading volume, ether $47 billion and tether $69 billion. Ether rallied to a high of $2,134 overnight and currently trades at $2,098. Bitcoin dropped around 4% from a high of nearly $38,000 yesterday before the BlackRock news, but continues to trade above the $36,000 level at $36,931.
CME bitcoin futures open interest overtakes Binance, but spot ETF approval expected to be delayed until January
Ether Price Surge Blackrock Ethereum Trust ETF Nuclear Winter Short Squeeze Panic Defi Research
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