The latest bitcoin news seems to be the rising of the number one coin by more than 12 percent jumping from $4,000 to $4,477 breaching the support level.
Despite falling again slightly, on every major crypto exchange such as Coinbase and Kraken, Bitcoin dropped as low as $4,020 but quickly recovered to $4,200. Eventually, it rebounded to $4,500 region.
Yesterday, November 20, ICE released a statement where they announced that they would delay the launch of the much-anticipated Bitcoin futures product until January 24th, 2019. In the official document by ICE, you can see they stated that institutions need more time to clear the market before opening the futures market.
A segment of the document reads:
“ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on trade date Thursday, January 24, 2019, subject to regulatory approval, new listing timeframe will provide additional time for customer and clearing member onboarding prior to the start of trading and warehousing of the new contract.”
Rumors emerged that this decision could potentially cause the BTC price to drop since large-scale investors first got the information and possibly have the power to influence the entire market. Others claim that this is a good opportunity to accumulate more of Bitcoin.
Analysts argue that this is not such a scary and problematic drop. Since Bitcoin’s all-time high, Bitcoin is down by 80 percent if not less and even If it goes below $4,000 it’s still the fifth biggest correction that ever happened. Bitcoin is likely to test the $4,000 support level in the many days to come but a drop below that point can only happen if the sell volume intensifies.
Crypto Market Adds $8 Billion But Litecoin Is Struggling To Gain Momentum
Crypto Market Adds $10 Billion, Currently With $134bn. In Circulation
Bitcoin Nearing $4,000: The Chances Of A Larger Breakout Are Increasing
Bitcoin Goes Over $3,750 As Total Market Cap Rises To $126 Billion
Join us on Facebook
- The Cyprus SEC Is Calling For EU Anti-Money Laundering Framework Implementation
- US Exchange Giant Coinbase Acquires Blockchain Startup Neutrino
- Central Bank Of Japan Examines Digital Currencies According To New Report
- Crypto Market Adds $8 Billion But Litecoin Is Struggling To Gain Momentum
- Craig Wright Calls Out Ethereum For Being Unable To Scale
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News5 days ago
Bloomberg Editor: JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple
Bitcoin News3 days ago
Bitcoin Is Closer To A First Positive Month Since July 2018
Regulation4 days ago
New Blockchain Framework Bill Passed Into Law In Luxembourg
Altcoin News4 days ago
Norwegian Anarcho-Capitalist City Adopts Crypto As Official Medium Of Exchange
Altcoin News3 days ago
ETH-Based Maker (MKR) Outperforms In February With 37% Gains
Bitcoin News5 days ago
Is It About Time Millennials Invest All-In On Bitcoin: Investor Talk
Regulation3 days ago
SEC’s ‘ICO Guide’ With A Gloomy Outlook For Cryptocurrency In 2019
Altcoin News3 days ago
Top Cryptocurrencies See Green, Ending Week With A Positive Action