CME BTC Futures Gap Down $4,060
CryptoNewsTerminal Staff04 Aug, 2024
CME BTC Futures Gap Down $4,060
CME BTC futures, which closed at $62,945 on the previous trading day, opened today at $58,885, resulting in a gap of $4,060. This sharp decline comes amidst a broader market sell-off, with major indices like the S&P 500 and Nasdaq Composite also experiencing losses. Factors contributing to the gap down in CME BTC futures could include concerns over rising inflation, geopolitical tensions, and uncertainty surrounding the regulatory landscape for cryptocurrencies. The gap down could also be attributed to profit-taking by traders after a recent surge in Bitcoin prices. Despite the gap down, CME BTC futures have been trading sideways in recent weeks, indicating a period of consolidation after the recent rally. It remains to be seen whether the current sell-off will continue or if buyers will step in to support the market.
