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The Fault In Our Futures – Bitcoin Drops 20%

The Fault In Our Futures – Bitcoin Drops 20%

 Thomas Lee, head of research at Fundstrat Global Advisors and one of the most influential crypto analysts named the probable cause for the recent weakness in Bitcoin. According to Lee, the expiration of cryptocurrency linked futures affected the coin which consequently dropped 20% last week. 

Since the launch of CME futures on CBOE, 6 contract expirations have occurred, and the last one – on June 13 – took place in the period of all cryptocurrencies’ particular instability. That day Bitcoin was worth $300 less – it fell from $6,600 to $6,300. read more

CBOE to Roll Out Ethereum Futures in 2018

CBOE to Roll Out Ethereum Futures in 2018

CBOE Global Markets that runs the Chicago Board Options Exchange (CBOE) is going to roll out futures for Ethereum (ETH), according to Business Insider

What Are Futures?

Futures represent an agreement to purchase and sell an asset, including financial ones,  on a particular future date at a particular cost, allowing investors to speculate on the BTC cost without really owning the currency. Certain sources disclosed to Business Insider that the futures will be launched by the end of the year and based on Gemini’s underlying market.

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