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News Link • Bitcoin

Bitcoin Bounces Over $1000 Off The Lows, Back Above $10k

•, by Tyler Durden

Having rebounded after the BitConnect headlines sent prices plunging, cryptocurrencies are more sedately limping lower this morning with Bitcoin dropping back below $10,000. The question on everyone's mind, did the bubble just burst or do you BTFD?

It's been an ugly week for cryptos...

And Bitcoin Futures at the lowest since inception on heavy volume (note that Bitcoin spot topped as CBOE unleashed its futures contract)...

Notably - today is the expiration of the first CBOE Bitcoin futures contract. CFTC reports a 1907 contract net short position (around 9500 Bitcoin short) and one wonders what impact that is having on the market today)

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