Highlights of Bitcoin futures market first hours

Yesterday, the Chicago Board Options Exchange (CBOE) just launched its brand new Bitcoin futures market at 6:00 p.m. ET. This settled a precedent in Bitcoin’s history, for it’s the first time a cryptocurrency is subject of bettings from investors in a renowned, regulated exchange, via futures contracts – although it won’t be the only one, for the CME Group will also launch its own marketplace this December 18 –.

With a USD/BTC exchange rate of $ 15,500 just before it was officially online, it regained $ 1k in value and stabilized at $ 16,500 once people started trading futures, according to CoinMarketCap. Here are the most relevant events that happened just a few hours after the Go:

BTC Futures’ quoting between $ 17,000 and $ 18,850

According to data collected from MarketWatch, Bitcoin went off starting from $ 15,000, then quickly began a trend up to higher values, reaching – for the first time – the $ 18,000 barrier at 9:05 p.m. CST. Almost 40 minutes after, when quoting at $ 18,400, it stepped back a little, returning to $ 17,400, only to go a bit further and managing to grasp the $ 18,850 barrier at 12:59 a.m. CST. Since then, it has maintained a notable stability around $ 17,800 – at press time –

Read more at: http://www.crypto-economy.net/highlights-of-bitcoin-futures-market-first-hours/?lang=en