The Chicago Mercantile Exchange Group (CME Group) was forced to suspend all trading on its Globex platform due to a failure in the data center cooling system, affecting global stock, commodity, and Crypto Assets markets. CME stated in a declaration that the problem originated from an abnormality in the cooling system of the CyrusOne data center, and the technical team is working hard to restore the system, providing pre-market trading updates when feasible.
The impact of this interruption is massive. CyrusOne operates over 55 data centers in the United States, Europe, and Japan, and the outage has caused all CME futures and options contracts to come to a halt, including major currency pairs, crude oil, palm oil, and Crypto Assets-related products. Several traders have described this incident as a “nightmare” and have called on CME to cancel the losses caused by the trading freeze during the interruption on social media.
Trading was halted during the Asian trading session, exacerbating the low liquidity environment caused by the Thanksgiving holiday in the United States. Analyst Tony Sycamore pointed out that the market was already showing contraction due to volatility and holiday factors, and this halt further obstructed trading demand, amplifying market uncertainty.
The crypto market has also been significantly impacted. CME's Bitcoin and Ethereum futures were completely offline during the outage, coinciding with a sensitive trading sentiment. The price of Bitcoin fell by 0.55% in the past 24 hours to $90,896, a notable decline from the previous weekly increase of 8.32%. This drop is related to the concentrated expiration of $13.4 billion worth of Bitcoin options, totaling 147,000 contracts, benefiting bearish investors.
Moreover, Bitcoin has failed to test the resistance level of $91,800 three times within 24 hours, triggering automatic sell orders and amplifying short-term pressure. Currently, the price of Bitcoin is around $91,240.
As the progress of the system recovery remains unclear, the global market will continue to pay attention to CME's subsequent measures and their impact on the encryption and traditional futures markets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks through 73000 USDT, with a 24-hour increase of 0.48%
Gate News message: On April 11, according to a certain CEX price feed, BTC broke through 73,000 USDT, and is currently quoted at 73,024.4 USDT, up 0.48% over the past 24 hours.
GateNews52m ago
Bitcoin Price Update: BTC Jumps to $72,400 After March Inflation Comes in Softer Than Expected
Bitcoin moved from $72,000 to $72,400 on April 10 after March core CPI printed below expectations, giving crypto bulls a short-lived reprieve from months of sustained macro pressure.
Summary
March core CPI rose just 0.2%, below the 0.3% consensus forecast, while headline CPI climbed 0.9% on
Cryptonews1h ago
BlackRock withdrew 2,700 BTC and 30k ETH from a certain CEX
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews1h ago
This 'Space Invaders' Clone Game Pays Real Bitcoin—If You're Skilled, Lucky or Rich
In brief
A new game based on the arcade classic Space Invaders will let one person earn a real Bitcoin reward.
To claim the reward ,they must destroy 10,000 BTC worth of transactions that mirror actual activity on the blockchain.
The winner will earn a 10,000 sats bounty, valued
Decrypt2h ago
DWF Labs co-founder: The current market is boring but it hasn’t gone away—there are still plenty of opportunities for builders and investors
DWF Labs co-founder Andrei Grachev said the market is currently in a “very boring” phase, with genuinely valuable activity taking place quietly. He advised investors to stay patient, wait for better timing, and noted that retail investors should respond rationally to market volatility—continue learning and staying engaged.
GateNews3h ago
BTC analyst Killa: By comparing historical cycles, BTC could see another round of downside before it establishes a true bottom
Gate News message, on April 11, BTC analyst Killa posted that when comparing all prior Bitcoin cycles, each cycle includes a final selloff that ends with a capitulation-style bottom. In this cycle, the time when the peak occurred was earlier than in previous cycles. Killa noted that if history repeats itself, BTC may still see another wave of declines before a true bottom is established.
GateNews3h ago
