Market Wrap: Bitcoin Stays Near $55K as Ether Hits Brand-New Record Price
Bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies, says one trader.
Jed McCaleb’s stellar token rides the altcoin wave as ether pushes to new levels.
The bank will protect itself from the cryptocurrency’s volatility by buying and selling bitcoin futures in block trades.
SEC staff intend to determine whether the "bitcoin futures market could accommodate ETFs," the note said.
Sophisticated actors are taking from amateur investors in bitcoin derivatives trading, according to Carnegie Mellon researchers using data from BitMEX.
The exchange is giving traders another way to bet on bitcoin.