The price of bitcoin fell after the price of bitcoin futures from CME

The price of bitcoin fell after the price of bitcoin futures from CME

The price of bitcoin futures fell this week after CME Group launched futures on Monday.

In contrast to the 20 percent growth of the market after the advent of futures from Cboe, dated December 10, the price of bitcoin fell nearly seven percent in 12 hours.

Each CME contract is a five bitcoins, whereas the contract at the Cboe is a one bitcoin. The volume of trades first day in CME slightly exceeded the first day at the Cboe for the week before.

On Monday futures on the CME closed at $19100, which is 2.1% less than the price prescribed by the exchange.

See Garrett, Executive Director of the trading company Chain DV commented on the situation:

There were some concerns before the launch of futures on the Cboe that the players on wall Street will be to short bitcoin, but this did not happen.

The most recent jump in the price of bitcoin, it seems, is experiencing a pause, and corrected below 18,000 dollars, but in the meantime, investors are willing to buy shares Grayscale”s Bitcoin Investment Trust at a price twice the market valuation.

As noted by commentators on Twitter, GBTC is currently trading at the level of “implied price of bitcoin” is coming to 38.000 dollars.

The market is also going on the flow of investment into altcoins, many of the cryptocurrency of the top 50 even set a new record.

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