Interest in Bitcoin futures trading rises sharply after the coin topped $57,000


Derivatives traders are getting more active again, as open interest in Bitcoin (BTC) futures has skyrocketed in recent days as Bitcoin tested the $57,000 level for the first time since May.

At 13:37 UTC, Bitcoin was trading at $57.053 and up 3% on the day, 18% on the week and 27% on the month. The rally has made Bitcoin the best performing currency today among the top 10 groups of digital assets by market capitalization.

Moreover, the number one cryptocurrency has also outperformed the majority of altcoins in the top 100 coins by market capitalization today, with the exception of the shiba inu and a few other small cap coins.