Bitcoin grew by more than 9% per day, rising to $ 24,000

The price of the flagship cryptocurrency continued its upward trend — over the past 24 hours, the value of BTC $56,459.08 Bitcoin -3.08% Market capitalization $1.11 trillion VOL. 24 hours $4.5 billion has risen by 9.7%, trading above $ 24,000. According to cryptocurrency analysts, this time the sharp rise in BTC is due to the fact that the US stock exchange CME announced the launch of bitcoin futures contracts.

According to Tim McCourt, head of equities and currency products at CME Group, the new service will provide the platform’s clients with a cheaper way to trade bitcoin. «Our new futures contracts provide a wide range of investors with access to the cryptocurrency market through a fully regulated exchange with low risk and high transparency ,» McCourt emphasized.

According to Michael van de Poppe, a trader and cryptocurrency analyst, bitcoin has returned to a bullish trend and is likely to continue to grow. Investors' panic over the collapse of American banks has also eased, as regulators have said that all Signature Bank deposits are safe and will soon be unlocked. There are conflicting reports about Silicon Valley Bank. However, Circle has restored the USDC stablecoin peg to the US dollar, which has restored traders' confidence in the cryptocurrency industry.

According to CoinGecko, yesterday the value of the flagship cryptocurrency rose by 9.4% per day. One of the reasons was a statement by Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao, the head of the largest crypto exchange Binance. CZ said that in order to support the sector, the Binance Industry Recovery Initiative fund will convert $ 1 billion into BTC, BNB, and ETH. The Industry Recovery Initiative was launched in November last year to help rebuild the cryptocurrency market after the FTX crash.