Bitcoin Derivatives and Cryptocurrencies Surge in Market Watch
TL;DR Summary
The price of Bitcoin on Bitfinex's perpetual swap market briefly surged above $56,000 due to low liquidity, with trading volume on Bitfinex's BTC-PERP market rising to 322 BTC ($9.1 million) for two minutes. Bitfinex CTO Paolo Ardoino assured market participants that the system worked as expected and the matching engine handled all orders correctly. Perpetual swaps, such as the BTC-PERP market on Bitfinex, are a type of derivative contract that allows traders to speculate on the future price of an asset like Bitcoin without an expiration date.
- Here's Why Bitcoin Derivatives Surged to $56,000 on Bitfinex U.Today
- Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on Bitfinex CoinDesk
- Stacks (STX) Soars 13% Daily, Bitcoin Stopped at $29K (Market Watch) CryptoPotato
- Bitcoin, Ether, Litecoin rise, BNB stumbles; US equity futures flat ahead of Fed interest rate decision Yahoo Finance
- Most big cryptocurrencies increase as Bitcoin climbs MarketWatch
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