Bitcoin Futures Surge: $1,490 Jump on CME Open Ignites Market Buzz

The opening of Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) sparked a significant price jump, exceeding expectations. The CME open price surged by $1,490 to reach $106,550 on a four-hour chart, marking a dramatic leap compared to Friday’s closing price of $105,060. This unusual gap is known as a ‘gap’ in trading and often occurs when the CME futures market is offline while the underlying spot crypto market trades 24/7. This gap reflects the collective market sentiment and price movement that occurred over the weekend.