Notice: Trying to access array offset on value of type bool in /customers/5/5/b/businesstelegraph.co.uk/httpd.www/wp-content/plugins/newsmax-core/includes/core.php on line 212 Notice: Trying to access array offset on value of type bool in /customers/5/5/b/businesstelegraph.co.uk/httpd.www/wp-content/plugins/newsmax-core/includes/core.php on line 212
ICO News

CME Bitcoin Futures Crash Below $8,300 – ihodl.com


On Tuesday, the average bitcoin futures exchange rate on the Chicago Mercantile Exchange (CME) has dropped below $8,300, after which it returned to around $9,300, iHodl Russia reports.

The collapse made it possible to fill the gap that arose because the last trading session on the CME began at a higher rate than the previous one.

Often traders and their bots consider such gaps as a short-term signal and seek to fill them.

Analyst Willy Woo‏ wrote:

“I cannot believe how crazy trading BTCUSD on the short term is right now. The gap on the CME has filled already. It’s thinly traded yes. But man, I’m highly suspicious of the price action across all the exchanges of late, more so than usual”

At press time, bitcoin (EXANTE: Bitcoin) is trading at 9,361 (+0,67%) according to CoinMarketCap.

Earlier iHodl reported that DX.Exchange, a crypto and tokenized securities trading platform, ceased all of its operations just nine months after going live.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.



READ SOURCE

READ  WSJ Finds Around 15% Of ICO Projects Examined “Questionable” - Cryptocoin Spy

Leave a Reply