Bitcoin - Overview as of 07.02.2025

Financial and commodity markets analytics


After the recent sharp decline in quotations, bitcoin has recovered a significant part of losses and entered the consolidation phase. a significant part of losses and entered the consolidation phase. Technically, today the price is confidently holding above the support zone, located below the level $92000. As for the market indicators, in January 2025, the Chicago Mercantile Exchange Exchange, the largest derivatives exchange in the U.S., recorded record volumes of of cryptocurrency trading, which reached $285 million. The growth was driven by increased activity in bitcoin futures and options trading. At the same At the same time, trading volumes of contracts for ether decreased. The total trading volume on the derivatives market on cryptocurrency exchanges in January decreased by 19%. It is expected that further growth in derivatives trading volumes will be supported by the launch of bitcoin-ETF options.