Bitcoin price returns to troubled waters hours after Elon Musk’s BTC tweet
Bitcoin’s current volatility reflects traders' excitement as the price bounces between key support and resistance levels. When Bitcoin's (BTC) price dropped 10% to $29,150 on Jan. 27, something unusual happened with the Chicago Mercantile Exchange (CME) BTC futures contracts. As the price fell, these CME Bitcoin futures traded at a 1% discount to Coinbase, which signaled a disarrangement between both markets.Good morning. Bitcoin spot has almost full retraced the weekly. CME bitcoin futs are both backwardian and expire Friday. That is all.— i.am.nomad (@IamNomad) January 27, 2021....
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