Bitcoin Up After CBOE Futures Launch

[Cordillerabit]

The general consensus throughout the Bitcoin community in anticipation of the launch of Bitcoin futures was one of uneasiness and uncertainty. Many individuals announced they were selling Bitcoin prior to Chicago Board Options Exchange’s Bitcoin futures trading launch today, and many technical and fundamental analysts alike expected a sizable drop in response to this Bitcoin milestone.

While the introduction of Bitcoin into mainstream futures exchanges is a milestone for the cryptocurrency, many speculators feared Wall Street had pumped Bitcoin price up to recent all time highs last week, in order to dump today while shorting CBOE’s Bitcoin futures. However, Bitcoin has performed considerably well since trading opened at 5pm Central Time, breaking through recent resistance at $15,000 and now trading at just under $16,000.

https://themerkle.com/bitcoin-up-after-cme-futures-launch/