Bitcoin Futures: A Way to Control Cryptocurrency Markets?

in markets •  7 years ago 

This was a countdown to a Reddit user posted. On January 17, at 4:00 AM EST, when the market closed the first bitter futures contract in the CBOE, the cost of Bitcoin has dropped to $ 10,900. There was some joke on the Reddit that the accident was ending on Wednesday. During this, the market fell in the last week. It is based on the recent fall in the markets during the week of January 15; can Wall Street investors manipulate the cryptocurrency market through bitcoin futures? It seems that "yes" is the answer to that question. This Altcoin has started rebound after a few hours of expiring these futures contracts. This bitcoin has not returned the rocket immediately after the price.

Source - https://www.ccn.com/bitcoin-futures-way-control-cryptocurrency-markets/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!