Bitcoin has risen almost 5% over the last 24 hour trading period to highs of $5,970 per bitcoin on the Luxembourg-based Bitstamp exchange. Ethereum, meanwhile, has gained more than 10% over the same period after reports the U.S. Commodity Futures Trading Commission (CFTC) could approve an ethereum futures contract—something that might bring fresh institutional funding into the bitcoin and cryptocurrency market. The CME Group and Cboe Global Exchange began offering bitcoin futures at the hight of bitcoin's epic 2017 bull run, which saw the bitcoin price near $20,000 per token before falling sharply back throughout 2018. As well as reports of potential ethereum futures contracts, there has been more positive news for ethereum over recent days. Meanwhile, ethereum cofounder Joe Lubin has said "lots of people" are working to improve the "virtually everything" about ethereum.

Source: Forbes May 07, 2019 08:40 UTC