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Ethereum Price Jumps 9% as CFTC Hints Futures Contract Approval

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By CCN.com: Trading sentiments in Ethereum (ETH), the world’s second largest cryptocurrency, were extremely positive this Monday. The ether-to-dollar exchange rate surged as much as 9-percent to establish an intraday high towards $175.97. The asset experienced a similar bullish bias against its peers in the cryptocurrency industry. The ether-to-bitcoin exchange rate, for instance, rose as high as 9.45-percent, indicating that traders were hedging their bitcoin holdings into the Ethereum market. The bitcoin price dropped up to 2.45-percent during the Monday session. The Ethereum pairs posted $7.43 billion worth of volume this Monday, according to CoinMarketCap’s 24-hour adjusted timeframe. Considering that

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* First published on ccn.com

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