Bitcoin news: “bullish” trend changed to “bearish”
Today Bitcoin price reached a record level after the launch of trading futures on the largest world exchange. However, over the next 24 hours, Bitcoin price lost almost $1 000.
On the morning of December 17 the cryptocurrency broke a new record when charts showed $20,000. On this day the largest exchange (Chicago Mercantile Exchange) started trading Bitcoin futures.
But the coin’s price wasn’t able to continue its recovery and fell by 5% from the peak value almost to $19,000.
Bidding on CME is conducted on the Bitcoin index. It doesn’t require direct sale and purchase of the cryptocurrency that can partially solve the problem of long payment passage, which became a common practice for BTC.
Read also:
Bitcoin forecast for 18 - 22 December 2017
Bitcoin price exceeded $ 20,000 on Bithumb
Blockchain will make a revolution in social networks
Bitcoin forecast and analysis for December 19, 2017
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