CandleFocus CME Futures Reopening: Will It Rekindle Bitcoin’s Momentum?
2024-11-24
Author: Content Editor
The trading activity of Bitcoin has been slow during the weekend, while altcoins have seen increased activity. This is a common phenomenon in a bullish market, where Bitcoin takes a breather and altcoins have the opportunity to gain value. This pattern was observed in 2021 as well. The low trading activity is also attributed to the closure of CME Bitcoin futures trading on weekends. When the futures market reopens, it can impact the trading of Bitcoin and other cryptocurrencies. Traders in altcoins should also consider arbitrage opportunities between Bitcoin and altcoins, as high Bitcoin dominance tends to result in low performance for altcoins. Overall, this is a normal part of the price discovery phase in a bull market.
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