Markets Update: Bitcoin Bounces to $15,000 Amid Run-Up to Cboe Futures Launch

yash0108 (56)in #bitcoin-bounces • 6 years ago

This Bitcoin market is facing significant price instability for the launch of CBE's futures markets, as many traders have speculated on how the market will respond to the highly anticipated event.

With the Launch of Cboe’s Bitcoin Futures Markets Hours Away, Bitcoin’s Price is Making Significant Moves

After establishing a new all-time high on December 8, Bitcoin went far behind in the market before reaching the $ 15,000 field.

Due to the very volatility experienced by these markets, the prices in the exchanges have spread dramatically. On the Bitstamp, BTC markets produced the highest of $ 16,667 on December 8 this morning, before being jumped out of $ 12,800 earlier. At BitFinEx, the new record of $ 17,171 was high, before the market had supported $ 13,000. This Coinbase produced the biggest value inequality before finding a floor in the $ 13,500 area, set a new all time high of $ 19,340. A two-day retrace of more than 20% of all major markets was produced, along with BTC currently doing business in the area of $ 15,000 after receiving $ 2,000 in approximately $ 2,000 in several hours.
Expectations as to the Influence That Futures Markets Will Have on Bitcoin’s Price and Market Dynamics Vary

Some analysts have described the launch of futures markets supported by major regulated financial institutions such as COBE and CME to provide greater legitimacy to BTC markets, besides exposing bitcoin as more liquidity.
Many Altcoin Markets Experienced Considerable Volatility After Setting New All-Time Highs This Week

After the break of LTC above this $ 100 USD area, Light Cone has set a new high-end time of about $ 155 after taking very fast action. As of this writing, LTC costs around $ 140.

It was a high-performance week in stellar to set a new record for $ 0.25 on December 6, which was breaking its predecessor's highest level of $ 0.075 to more than 300%. Prior to a significant retracement before integrating $ 0.10 above Stellar - prices for approximately $ 0.12 currently

This Ethereum has been consolidated within 20% range during the past week, as well as markets have endorsed support for the last highest amount of $ 400. After the breakout last month, ETH has failed to consolidate above $ 500. ETH is currently trading for $ 440.

After a strong rally on the record high of $ 230 of the record high of XMR, Monroe set the highest time of $ 280 on December 5 since setting up the local top, Monroe has consolidated above $ 225 - with current prices, and there is a trade of around $ 250.

This Augur sets a new all-time high on December 3, for the first time to run up to test $ 60. Although the spike lasted for a short time, but within six days prices have dropped sharply by almost 60% to $ 20. REP is currently shy trading for about $ 30.

After the dramatic spike of this bitcoin cash, at the beginning of November a new high of about $ 2,800 was established, BCH consolidated with a 30% range - around $ 1,100 and $ 1,700 is bouncing between the supports in the resistance region. At the time of writing, Bitcoin Cash is trading for about $ 1320.