Bitcoin’s Second Time Under $6K in 2018 as CMEs Expire

Bitcoin’s Second Time Under $6K in 2018 as CMEs Expire
фото показано с : bitcoints.com

2018-6-29 21:46

Bitcoin fell below $6,000 for the second time in a week Friday, June 29, the day CME Group’s Bitcoin futures end their last day of trading for the month.
Data from Cointelegraph’s price index and Coin360.io show Bitcoin continuing a trend of declines in the run-up to futures expiration dates.
The effect of futures trading periods on Bitcoin has meanwhile become an increasingly convincing metric for measuring market sentiment.
Earlier this month, Fundstrat Global Advisors’ Tom Lee, known for his bullish stance on Bitcoin’s future price, argued that similar deadlines for CBOE’s futures had suppressed price growth.
CME trading Uranium futures produced similar behavior in the sector, one Twitter user noted.

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bitcoin futures day second trading time index

Источник: bitcoints.com

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