Aliens TLDR

BTC climbed back above $50,000 whereas ETH bounces back above $4,400 amid the launch of CME micro ETH futures.

On Monday, Chicago Mercantile Exchange Group(CME) expanded its crypto offerings, launching a micro Ether futures product for both institutional and retail traders.

As we know that when CME Group first launched its Bitcoin futures contracts in December 2017, pushing BTC price to skyrocket from $6,000 to $20,000, with an increasing rate of 225% in 2 months and a half.

Moreover, since the launch of ETH futures contracts in February, ETH price has also more than doubled.

As more and more institutional investors rush into the ETH futures area and the increase of FOMO mood, the demand of ETH will also be in a linear growth, which somehow will be a catalyst for a new rally of ETH price.

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