Institutional Trade Volume Hits Local High as Bitcoin Jumps over…

News BTC | Apr 3, 2020 at 12:00 PM
  • Futures linked to the bitcoin market experienced a spike in their volumes this Thursday as the cryptocurrency’s spot rate broke above $7,000.
  • Crypto statist Skew highlighted that trading activity on CME’s and Bakkt’s bitcoin derivatives marketplaces surged by up to $595 million and $27 million, respectively.
  • Matt Hougan, the global head of research at crypto asset management firm Bitwise, treated the Thursday’s volume spike as a signal to bitcoin’s growing demand among big market players.