Bloomberg Intelligence’s senior commodity strategist expects the arrival of Bitcoin ETF in the US next month that could propel the Bitcoin price rally to $100,000.
Despite the significant losses, McGlone believes that BTC is positioned for further price gains.
An estimate of Bitcoin’s volatility index from the last 60 days shows that it’s been around 4.61%.
The CME Group has joined Bakkt and FTX and launched Bitcoin futures options. The Group announced it on its website as trading went live.