The latest correction in Bitcoin has brought it close to the dangerous levels of a “death cross” but analysts still prefer to remain bullish as many say the pain is “largely over”.
Coinfloor, the UK-based exchange, will offer its users bitcoin futures contracts through a trading platform dubbed CoinfloorEX. The first physically delivered contract launches in April this year.
The overall cryptocurrency markets have corrected heavily in the last 24 hours as the crypto markets valuations have dropped to $310 billion.
CFTC though has mentioned that staff members won’t be allowed in any decision-making process involving cryptocurrencies to avoid conflict of interest.
Soon after the full-SegWit support in the Bitcoin software update, the Bitcoin transactions using SegWit have doubled in just past two days.
Bob Fitzsimmons, expert in the sphere of futures, managing director and head of Wedbush Futures, shares his perspective on Bitcoin futures and digital-market potential.
Experts say that Bitcoin’s attraction for institutional investors may increase correlation, with crypto market hitting $1 trillion this year. As Bitcoin’s correlation with stocks jumps to 2-year high, the currency becomes like everything else on Wall Street.
Some experts call it “healthy fall”and blame numerous governmental restrictions for the Bitcoin slide while many investors try to get rid of the cryptocurrency by all means.
While the market continues to achieve new record highs, it’s becoming more and more challenging for ordinary, esp. novice investors to make a profit.
The bank joins its rival Goldman Sachs and becomes the second major Wall Street firm to launch clearing crypto contracts.
The New York Stock Exchange wants to launch new Bitcoin-related exchange-traded funds (ETF) on Arca. If the SEC approves it, NYSE will become the third American exchange to offer Bitcoin futures contracts.
At the end of 2017, there come several hottest trends in the cryptocurrency world that are existing to track down.