Bitcoin Is Being Adopted At The Rate Of Over 300,000 New Wallet Per Month (The Cryptoverse #168)
There has been a decline in the price of bitcoin futures since the opening by a trader in the futures options market – the Chicago Mercantile Exchange (CME).
Immediately after the opening of the trading session, the price of bitcoin futures, which expire in January 2018, jumped to $ 20,800, currently slipping to $ 18,800. Contracts valid through February, March and June 2018 are still trading for $ 20,000. With Bitcoin’s current price of $ 18,500, Wall Street still seems to be optimistic.
Mainstream media like to define trading as “pessimistic” or “pyramid”. The Telegraph wrote about the fall in quotes, using the headline “The rate is falling, investors are pessimistic.” This is despite the fact that the 4% depreciation is a drop in the sea of cryptocurrency..
The BBC announced the opening of the CME trading and industrial platform, stating that the mass production of bitcoin on exchanges has brought the cryptocurrency closer to global adoption. Of course, the BBC felt the need to immediately accompany with his quote Axel Weber, who runs his financial holding UBS, who shared his opinion: “Bitcoins are not money.”.
There is a particular difference in the response to futures contracts from the Chicago Mercantile Exchange Group, as well as a 19% excess in the contract value compared to the price of a bitcoin futures option launched by the Chicago Board Options Exchange (CBOE) last week. Note that the bitcoin rate fell several thousand dollars a few days before the CBOE trade opened, so such a significant jump should not come as much of a surprise. The CME launch of bitcoin futures options was accompanied by all-time highs for bitcoin on most exchanges yesterday, and you shouldn’t take a slight drop from that high…
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There are many theories as to what the future holds for Bitcoin following the opening of trading by the Chicago Mercantile Exchange Group. There are arguments in favor of reducing the number of contracts by investors, it should be remembered that “the trend is your friend.” Even bitcoin haters and JPMorgan Chase CEO James Dimon admitted that the currency could hit a record $ 100,000 before “collapsing”.
The Swedish company Blockswater has compiled a formal “market manipulation report” along with European regulated data. The company claims that Daimon was aware of the incorrectness of his statements and deliberately tried to influence the Bitcoin market with his comments..
photo: Bert Glynn – CME / Magnum photos
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