Bitcoin Derivatives Market Reflects Macroeconomic Uncertainty
Analyzing bitcoin derivatives data makes it clear that market participants are cautious in this period of uncertainty.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Today we’ll cover the latest in the bitcoin derivatives market. At the time of writing, the price of bitcoin is up approximately 8% over the previous day’s time. When analyzing the derivatives data, the previous two months have brought about a....
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We already know of bitcoin's complicated relationship with governments and regulatory agencies the world over. But bitcoin's relationship with the US Commodity Futures Trading Commission (CFTC), the agency responsible for regulating the futures and options markets, is particularly ill-defined. Bitcoin is in a Catch-22-style bind. As long as the price remains volatile it will remain dangerous for merchants to accept the cryptocurrency, barring adoption on a massive scale. Derivatives might be a useful risk management tool to hedge against volatility. But regulatory ambivalence leaves....
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