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Bitcoin Price: A Decline After Another All-Time High
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Bitcoin Price: A Decline After Another All-Time High
by Vladdirescu Wed Dec 13, 2017 9:50 pm
The launch of CBOE’s futures made the Bitcoin price skyrocket to another all-time high of over $17,700. However, a couple of hours later we have seen a pullback. The price of BTC at the time of writing is $16,964.
Perhaps the pullback was caused by the fact that the second day of trading at CBOE showed a significant decline as compared to Day 1. CBOE processed more than $50 million worth of contracts on its first full day. However, later on, the exchange had processed fewer than 1,000 contracts — worth approximately $17 million.
Despite that, the market is still optimistic. After all, there’s CME’s futures launch still ahead of us on December 18th. Most experts believe BTC will proceed even higher, however, this time not resembling a rollercoaster.
Read more: https://coinidol.com/bitcoin-price-decline-after-another-all-time-high/
Perhaps the pullback was caused by the fact that the second day of trading at CBOE showed a significant decline as compared to Day 1. CBOE processed more than $50 million worth of contracts on its first full day. However, later on, the exchange had processed fewer than 1,000 contracts — worth approximately $17 million.
Despite that, the market is still optimistic. After all, there’s CME’s futures launch still ahead of us on December 18th. Most experts believe BTC will proceed even higher, however, this time not resembling a rollercoaster.
Read more: https://coinidol.com/bitcoin-price-decline-after-another-all-time-high/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
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