Bitcoin Futures Resume Rally to Test $8200, hitting Highest in Nine and a Half Months Again

[ChainDD report] May 16 (ChainDD) On May 15 EST, the most active Bitcoin futures contracts of two major U.S. futures exchanges rose about 4%-6% to test $8200 level and closed the highest in nearly nine and a half months, after ending their eleventh consecutive surge in the previous session. As of May 10, the futures contracts recorded a more than 11% weekly surge in a row of two weeks.

June-delivered Bitcoin futures BTC at CME Group, the largest futures exchange in the world, gained about 5.7% to $8225, climbing about 12.26% last week.

June-delivered Bitcoin futures XBT at Cboe, the largest option exchange in U.S., advanced more than 3.8% to $8161.409, with a weekly surge about 11.54% as of May 10.

According to ChainDD’s market tracking indicators, Bitcoin spot price on Binance traded just shy of $8200, up more than 3% over the past 24 hours.

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