Share this article
Above $10K: CME Bitcoin Futures Hit 3.5-Month Highs
Bitcoin futures listed on the Chicago Mercantile Exchange rose to multi-month highs, breaking above $10,000 early Friday.
Updated Sep 13, 2021, 12:16 p.m. Published Feb 7, 2020, 3:22 p.m.
Bitcoin futures listed on the Chicago Mercantile Exchange rose to multi-month highs, breaking above $10,000 early Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The February contract crossed above the psychological hurdle and printed a high of $10,030 at 11:40 UTC, a level last seen on Oct. 26.
The breakout into five figures, however, was short-lived as prices quickly pared gains to trade below $10,000. At press time, the futures are trading near $9,850.
The February contract has failed twice in the past 24 hours to keep gains above the $10,000 mark. Prices briefly rose to a high of $10,010 during Thursday's U.S. trading hours.
The uptick in futures is backed by a surge in open positions on major exchanges like the CME and Bakkt. Open interest, the number of open futures contracts on the CME, jumped to a five-month high of $249 million on Wednesday – up 34.5 percent from $185 million seen two weeks ago. Meanwhile, open positions on Bakkt, rose to a record high of $13 million on Wednesday, surpassing the previous record high of $12 million reached on Feb. 3, according to data analytics firm Skew.
While the futures market tested the water above $10,000, the spot price fell short by $128. The cryptocurrency's global average price, as calculated by CoinDesk's Bitcoin Price Index, hit a high of $9,872 and was last seen at $9,740.
Bitcoin rallied by 30 percent in January to register its biggest monthly gain since May 201, making it the best January performance in seven years.
Currently, the top cryptocurrency is reporting a 36 percent gain on a year-to-date basis. Meanwhile, other major cryptocurrencies like ether, litecoin and EOS are up 70 to 75 percent, according to data source CoinMarketCap.
Disclosure: The author does not currently hold any digital assets.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
