Bitcoin Futures seems to be on an upward journey on its price graph as its performing really well as of this week.

As per the data released by the Chicago Mercantile Exchange (CME) Group, open interest in Bitcoin Futures is rising.

Moreover, they also highlighted that the prices are not only rising but it has actually hit an all-time high of 5,311 contracts totaling 26,555 BTC, or approximately $246 million at press time.

Well, the crypto market works on logical evidence and there is no denial in this fact. The upliftment of the Bitcoin Futures also has its own reasons which made it hit the all-time high.

As per the analysis of CME, Futures may be seen as a standardized contract that clearly tends to include a party to buy or sell some asset at a date that is already determined…Well, the point that should be noted here is the remark made by CME that BTC futures are constantly gaining popularity with institutional investors.

As far as the present day scenario is concerned, BTC is currently trading at around $9,290. And if observed closely, it can clearly be seen that its 2.55% up on the day.