Open curiosity in bitcoin futures rose 7.1% in March, whereas ethereum futures fell 5.8%, in line with Block Analysis.
When it comes to futures buying and selling quantity, month-to-month Bitcoin futures buying and selling quantity in March elevated by about 64.7%, reaching $1.26 trillion.
Moreover, bitcoin futures positions on the Chicago Mercantile Alternate (CME) rose 15.3% to $2.09 billion in March. Day buying and selling quantity additionally elevated by 16.5% to 1.45 billion. Month-to-month Ethereum futures buying and selling quantity reached $659 billion, a development charge of 32.1%.
Within the cryptocurrency choices house, curiosity in each bitcoin and ethereum choices has elevated. Open curiosity in bitcoin choices elevated by 92%, whereas ethereum choices elevated by roughly 33.3%.
Bitcoin and Ethereum choices quantity additionally elevated, with Bitcoin choices quantity rising 68.2% to $29.6 billion in March. USD, and Ethereum choices quantity elevated by 19.2% to 12.4 billion. USD.
These numbers present that the cryptocurrency market has been rising considerably in latest months, particularly Bitcoin.
As bitcoin continues to realize acceptance, extra traders are flocking to the digital asset, growing its buying and selling quantity and curiosity. The rise in cryptocurrency choices buying and selling quantity additionally signifies the rising curiosity of traders to hedge their cryptocurrency investments.
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