Futures crypto markets saw heightened volatility this week, with BTC futures trading around $64,800 and ETH futures near $3, Meanwhile, Michael Miller at Morningstar estimates the overall cryptocurrency market will be worth $8.5 trillion by 2034. That implies modest growth of 8.4% annually in the next nine years, a material slowdown from 60% annually in the last three years. CME first offered Bitcoin futures in 2017. This year, CME BTC and ETH futures crypto correlation with gold futures climbed to 0.62, reflecting hedging behavior amid geopolitical tensions. This unusual alignment may persist if safe-haven flows dominate.
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