RATE Group | Bitcoin Futures Volumes Hits 2-Week High as Buyers Pile Back Into BTC
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Bitcoin Futures Volumes Hits 2-Week High as Buyers Pile Back Into BTC

03 Apr Bitcoin Futures Volumes Hits 2-Week High as Buyers Pile Back Into BTC

Posted at 10:29h in Bitcoin News by

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Bitcoin (BTC) is capturing investor attention once more as futures markets hit their highest volume since markets crashed below $4,000.

According to data from monitoring resource Skew, April 2 saw the best performance from non-exchange operators of Bitcoin futures since March 16.

CME, Bakkt show fresh growth

CME Group posted $347 million in volume for Thursday, while smaller competitor Bakkt saw $12 million for its physically settled futures and $7.7 million for its cash product.

The uptick followed two weeks of lackluster performance. Investors had panicked last month after a downward spiral unraveled across Bitcoin markets, sending the price as low as $3,600 in a matter of hours. 

Since then, price-performance has recovered, on Thursday hitting around 93% versus the March bottom as BTC/USD reached $7,170.

CME, Bakkt Bitcoin futures 1-month charts

CME, Bakkt Bitcoin futures 1-month charts. Source: Skew/ Twitter

Investor confidence has returned in record time, despite the ongoing uncertainty afflicting traditional markets over…

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