The bitcoin prices surged today, surpassed $7k and is currently trading above the psychological level with a current price of $7032. This will likely establish breathing space for investors who were downcast by the negative news of the US SEC declines proposals for an Exchange-Traded Fund based on Bitcoin. Even as the market saw ETFs being delayed, rejected and then taken under review again, it maintained a resilient position.
Those who want to enjoy the Bitcoin’s bull market, can test their luck into the newly invented bitcoin derivatives contracts on CME and CBOE.
Coming Friday would be the latest round of CME BTC futures (BTCQ18) expiration.
The nature of futures contracts means they need to be settled on a set, predefined date, based on a contract.
All CME contracts will have to be traded, or settled, before this date, to avoid having to deal with the complication of having to deliver on the underlying asset.
Usually, there is a drop in the trading volume of futures ahead of expiration dates, as traders seek cash settlement over an expired contract, and having to deal with delivery hassles.
Lower trading volumes often coincide with periods of higher price volatility.
Bitcoin futures offer an instant, cost-effective method of crypto trade markets. They are standardized contracts to buy or sell a particular asset at a set price, on a set date in the future, in predefined quantity and quality.
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 107 levels (which is bullish), while hourly USD spot index is at -72 (bearish), while articulating (at 13:22 GMT). For more details on the index, please refer below weblink:


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