Yesterday, Bitcoin lost 4.4%, but bulls were striving to help it close above $12,000. And Bitcoin did, closing at $12,108. Before this correction, Bitcoin saw a 6-day run in which it gained 11.93%. However, the pullback allowed for a retest of the $11,500 level.
With the addition of the derivatives section, CoinGecko will allow users to monitor more than 100 derivatives products provided by over 20 derivatives exchanges.
After Bitcoin futures on the ICE Bakkt platform surged by almost 800% in a day, reports emerged that it is seeking to jump ahead of the CME group to release a Bitcoin options contract.
Reports show some evidence, though not conclusive, that institutional investors may have played a role in the recent Bitcoin price drop with many expecting it to test the $7,500 support before recovering.
German stock exchange Deutsche Börse is mulling over the launching of its own bitcoin futures contracts. Due to that Germany will be the first European country to issue bitcoin futures contracts on a regulated trading platform.