Study finds CME drives Bitcoin price, but it excludes stablecoin volumes

On Oct. 14, Wilshire Phoenix investment firm released its Efficient Price Discovery report, which detailed how CME Bitcoin (BTC) futures impact Bitcoin price discovery.

The firm concluded that “CME Bitcoin futures contribute more to price discovery than its related spot markets.” And the researchers also suggested that:

“CME Bitcoin futures have grown to become significant, this is not only demonstrated through trading volume and open interest, but also by influence on spot price…


Source link

About bitcoin

Check Also

Is Bitcoin a Buy Near Its All-Time High?

While the U.S. stock market teeter-totters on the cusp of an all-time high, the cryptocurrency …

Leave a Reply

Your email address will not be published. Required fields are marked *