Cryptocurrencies

Bears are out for bitcoin

Cboe holdings sign
Cboe Global Markets. Photo: Scott Olson/Getty Images

The latest report from the CFTC shows net shorts on bitcoin Cboe futures rose to 1,343 contracts, from 1,244 the previous week, after the cryptocurrency's recent surge.

Driving the news: Bitcoin jumped 20% to its highest level since November last week, moving briefly above the $5,000 mark. A Reuters report credited the surge largely to "an order worth about $100 million spread across U.S.-based exchanges Coinbase and Kraken and Luxembourg’s Bitstamp."

Bitcoin is losing its Wall Street buy-in

Illustration: Rebecca Zisser/Axios

The public markets' cryptocurrency hype is no more and it's losing votes of confidence from Wall Street.

Driving the news: The Chicago Board Options Exchange (Cboe) will no longer support bitcoin futures trading after June, despite being the first exchange to pioneer the bitcoin-futures market in late 2017.