Market Wrap: Bitcoin Tests $11.5K; Ether Futures Open Interest Flattens

Bitcoin hit a brand-new all-time high as traders are piling into ether futures.

Bitcoin breaks $34K while ether futures continue to gain steam.

The volume on Ethereum futures flipped Bitcoin's after hitting a new record at $10 billion, and derivatives data suggests further upside for Ether price. In the past 30 days, Ether (ETH) price decoupled from Bitcoin (BTC) to post a 67.5% gain, while the leading cryptocurrency price has barely moved. Ether's $3,605 all-time high on May 5 was responsible for boosting the asset's futures open interest to $10 billion.This movement brings up some crucial questions as the dominance of Bitcoin's derivatives markets appears to be challenged at the moment. On May 4, Ether's aggregate futures....

Profit-taking helped lead bitcoin lower Monday while more investors are eyeing ether with great interest.

Bitcoin price jumped after a sleepy weekend while ether options interest has been weaker than the past month.