Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Fawpac2 on January 30, 2021, 05:55:58 PM
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Bitcoin’s current volatility reflects traders' excitement as the price bounces between key support and resistance levels. When Bitcoin's (BTC) price dropped 10% to $29,150 on Jan. 27, something unusual happened with the Chicago Mercantile Exchange (CME) BTC futures contracts.
As the price fell, these CME Bitcoin futures traded at a 1% discount to Coinbase, which signaled a disarrangement between both markets. Source Link (https://cointelegraph.com/news/bitcoin-price-returns-to-troubled-waters-hours-after-elon-musk-s-btc-tweet?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)