Bitcoin has made its hotly anticipated launch onto the futures market, but some analysts and central bankers are still urging caution
- Introduction: Bitcoin futures trading has arrived…
- …and the price has jumped.
- January futures price rises from $15,000 to over $18,000
- Circuit trading halted twice amid volatile trading
- New Zealand central banker: It still looks like a bubble
- UBS: Best to ignore it
Naeem Aslam of Think Markets reckons the launch of bitcoin futures has gone pretty smoothly – even though only a few thousand contracts have actually been sold so far today.
There are nearly 2900 contracts which have traded for the month of January which by no means can be classified as an anaemic volume but not exactly explosive either.
The thought that comes to mind is that the Bitcoin’s spot and futures markets seem stable for now and things are looking much calmer. The spread between the February and January contract has narrowed to $150 which at one point was as high as $2000.
By its recent standards, bitcoin has been notably stable today.
The digital currency has been trading around at $16,300 mark for most of the day, a gain of around 10%.
Looks as if #Bitcoin Options have tamed the Crypro-Beast, at least in the last 7hours. pic.twitter.com/g1DArsyjd0