As the crypto economy sets its sights on half of a trillion in USD value, digital currency derivatives markets are swelling significantly. Bitcoin futures have surpassed a six-month high at $52 billion, while the crypto asset’s options markets have jumped massively too. Additionally, bitcoin options markets indicate that traders wager there’s a 29% chance the price of BTC will be above $20,000 by December 25, 2020.

At the time of publication, the entire cryptocurrency economy is hovering just below the 500 billion-dollar mark. While cryptocurrencies like BTC and ETH have seen solid spot market gains, crypto derivatives have skyrocketed with significant interest.

Bitcoin Derivatives See Record Highs, Year-End BTC Options Show 29% Chance Price Crosses $20K

Data from the website Coinalyze indicates that global BTC futures have spiked over $52 billion, which is the highest derivatives markets have seen in over six months. The bitcoin futures momentum touched an all-time high (ATH) and the researchers from Skew.com tweeted about the milestone.

“All-time high for BTC futures daily volumes…

Click to continue reading on its source location…

Source: https://news.bitcoin.com/bitcoin-derivatives-see-record-highs-year-end-btc-options-show-29-chance-price-crosses-20k/