On Friday, the primary CME bitcoin futures contract BTC closed at $102,000, up 1.43% from Thursday in New York. It has fallen 0.58% over the previous week and hit a low of $94,640 on December 10. Spot bitcoin is up 0.68% over the previous seven days, marking its seventh straight week of good points – the longest streak since September 2021.
At the moment, its value is $101,000, on December 10 it dropped to $94,277.11. Traders are carefully watching the potential regulatory stance of President-elect Trump. As well as, the primary CME Ether futures contract DCR closed at $3,928.00, up 0.55% from Thursday, however down 3.56% for the week, with a low of $3,498.50 on December 10.
Within the broader cryptocurrency market, Bitcoin's current efficiency displays a sustained uptrend, with spot costs posting seven consecutive weeks of good points, the longest since 2021. This era of progress has been accompanied by heightened investor consideration to potential regulatory modifications beneath the upcoming US administration.
In the meantime, ethereum futures have been unstable, with a weekly decline regardless of a slight rise on Friday. These strikes spotlight the dynamic nature of cryptocurrency markets and the affect of regulatory expectations on investor habits.
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