Weekly Price Analysis: Bitcoin Scaled New Price Heights After CME Group’s Announcement
Bitcoin is scaling new price heights.
On October 31, 2017, CME Group — the world’s largest regulated derivatives exchange — announced its plans to launch bitcoin futures contracts. It is the first licensed U.S. trading platform to accept cryptocurrency. This was precisely the reason for Bitcoin’s price to sky-rocket to the value of $6,619 - the highest value ever!
However, there was more to come. Bitcoin has been becoming more and more expensive during the week, reaching another highest level - $7,449 on November 3! Moreover, as the SegWit fork is coming, the price is expected to increase to about $10,000.
https://coinidol.com/bitcoin-scaled-new-price-heights-after-cme-group-s-announcement/
It will be interesting to see what the market will be like after the forks. I am guessing there will be an initial pump into the alts and then a period of sideways movement till maybe middle of 2018 when a lot of these companies will bring out their products.
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