Bitcoin, meanwhile, has gained 164 per cent in the last one year - from a level of around $37,000 to nearly $98,300 now. This is despite the cryptocurrency halving in April 2024.
In the futures market, bitcoin one-month futures on Cboe Global Markets were halted due to the steep price drop
Two weeks ago, the CFTC enabled a watershed for bitcoin by announcing that CME Group and Cboe Global Markets would start offering bitcoin derivatives