Bitcoin's Price Has Nearly Unwound Its Futures Boost

Bitcoin’s Price Has Nearly Unwound Its Futures Boost

Bitcoin’s drop to 3-month lows below $6,000 could be seen as the completion of a round trip. On Nov. 1 , bitcoin (BTC) prices received a shot in the arm on news that derivatives marketplace operators CME Group, Cboe and Cantor Fitzgerald were considering launching futures for the market in December. It was widely believed that BTC would zoom to dizzying heights as a move to the mainstream would open doors for a bigger kind of whale . The speculation drove prices higher to $10,000 in November, and the sharp rise in prices and the resulting fear of missing […]

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