Bitcoin Price Drops 17%, Large CME Futures Gap Filled, BTC Spot Markets Rebound
On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen six consecutive gaps since the run-up. Meanwhile, a number of other cryptocurrencies have seen significant gains and they did not drop as much as the leading crypto asset. Bitcoin (BTC) prices took a hit on Monday morning losing a total of -17.94% from 1:30 a.m. to 5:15 a.m. (EST). On Sunday, BTC’s daily....
Related News
Bitcoin could soon move towards the crucial CME futures gap at $9,600, formed when the cryptocurrency surged from the $9,000s in late July and early August. The CME futures is closed on the weekends, despite Bitcoin spot markets still trading. This forms natural gaps in the CME’s price action, many of which are filled within […]
The latest CME futures gap is filled within hours on Monday, with an attractive gap nearer $50,000 providing a frame of reference for bulls. Bitcoin (BTC) traded at crucial support near $33,000 on Monday after a weekend of gains disappeared in hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin futures mark fresh price targetsData from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing bullish performance at $35,900 to drop just over 5% on the day.The U-turn leaves Bitcoin firmly within its established trading range, with traders mindful of various....
Bitcoin price bounced to the tune of 5% following yesterday’s Federal Reserve meeting. However, the move has almost fully retraced. What’s interesting about the situation, is that traders at one particular platform could have seen this coming a lot more clearly, while others might have suffered a fake out. Here is a closer look at a comparison between BTCUSD spot index price charts and BTC CME Futures that puts a spotlight on the strange discrepancy. We also shed some light on how to possibly take advantage when these instances occur. Why You Can’t Ever Sleep On Crypto....
Wild volatility ensues as Bitcoin attempts to crack $20,000 and futures challenge their own record highs. Bitcoin (BTC) futures hit $20,000 on Dec. 1 as all-time highs finally began to convert into a new price era for BTC/USD.Data from TradingView showed Chicago Mercantile Exchange Bitcoin futures heading past the historic $20,000 mark during Tuesday trading. BTC price: $20,000 sparks familiar volatilityAt press time, CME BTC futures' highs of $20,300 had appeared amid characteristic volatility, which saw BTC/USD crash to $19,000 in under ten minutes.BTC/USD 1-minute chart for Dec. 1,....
The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day’s slump. On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 per coin after dropping to a low of $22,879 on December 23. BTC is up over 3.7% today, over 28% for the last 30 days, and 124% for the last 90 days. At the time of publication, BTC is swapping between $24,150 to $24,350 per coin. The overall market capitalization of....