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Is Wall Street Manipulating Bitcoin?

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February 3, 2018 | 

2389 Views | 

Joanna Newman | 

Get Into Cryptocurrency Trading Today

The recent ups and downs of the cryptocurrency roller coaster may have finally come to end. How could it be any other way when we have seen the market cap of all cryptocurrencies go from $18 billion US to $603 billion US in just under a year. With this sort of trend, the trillion-dollar mark shouldn’t be too far away.

On November 16th, 2017, the CEO of Coinbase announced that new institutions would bring over $10 billion dollars to the crypto-markets. And, as of December, the CME and CBOE officially authorized the use futures contracts on Bitcoin transactions.

The CME, the world’s largest futures contract market, has proposed Bitcoin contracts be indexed to the BRR or Bitcoin Reference Rate. The minimum for these futures contracts is currently set at 5 units of Bitcoin.

Whereas, the CBOE has indexed Bitcoin to the Gemini markets, which, in turns, means it can easily be traded for cold hard cash.

The days when the world of high finance looked down at Blockchain technology are finally over. The arrival of the CME and the CBOE, most often grouped as “Wall Street”, have always undermined the stock markets...

Why shouldn’t they have the same effect on the world of cryptocurrency?


From Wolf of Wall Street to Wolf of Blockchain











More Royal Than the Queen


Blockchain



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Buy & Sell Cryptocurrency Instantly

TAGS: NEWS INFO BITCOIN BLOCKCHAIN CRYPTOCURRENCY

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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

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Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.

Trade

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Symbol

Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.

Trade

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