Bull on Bitcoin’s Market-CBOE Futures

The CBOE’s Bitcoin futures which launched on contracts on Sunday, give a wild bullish on bitcoin market and the price spiked up within few seconds from $14,700 all the way up to $16,200.

The Chicago Mercantile Exchange (CME) launch new Bitcoin futures gave a tight shake to bitcoin’s market and experiencing major hundred-dollar swings every second. Albeit there is plenty of uncertainties and speculations on cryptocurrency, the usage and trading on bitcoin is getting boost up.

The Price of bitcoin also hiked up in line with the usage.

Due to massive hype in cryptocurrency market on this futures and high volume of trading, the CBOE website experienced some causalities. COBE Tweeted, to confirm that errors in their websites is due to high traffic to avoid unwanted speculation on them.

The likelihood of speculations such as hacking or others issues to tarnish the credibility of CBOE website is very high and is vanurable. Such issues can give myriad consequences to market.

So, I will help at my level best to keep you all posted about the latest updates on markets.

Cheers!