Looking at the current Bitcoin price momentum, some cautious optimism appears to be warranted. Open interest on CME’s Bitcoin options seems to confirm as much, although no immediate push to $10,000 should be expected. Many people would like to see the value of Bitcoin hit five digits once again. Are Things Looking up for Bitcoin? When that happens, the world’s leading cryptocurrency may slowly begin moving to a new all-time …
[Read More]

Traditional banks continued to oppose cryptocurrencies not that long ago. Today, most of them are looking to get  a piece of the pie in this industry. JPMorgan, for example, has completely changed its opinion on bitcoin. CME Eyes Another Bitcoin Product So much even that the company expects big things for the CME bitcoin Options Launch. This further confirms how institutional interest in cryptocurrencies continues to increase. It has not …
[Read More]

The general feeling throughout the Bitcoin community in anticipation of the launch of Bitcoin futures was one of unease and uncertainty. Many individuals announced they were selling Bitcoin prior to today’s launch of Chicago Board Options Exchange’s Bitcoin futures, and many technical and fundamental analysts alike expected a sizable price drop in response to this Bitcoin milestone. While the introduction of Bitcoin on mainstream futures exchanges is a milestone for the cryptocurrency, many speculators …
[Read More]