Bitcoin is moving lower in volatile trading.
Yesterday, Bitcoin had a wild day. It was trading in a nearly $6,000 range. Today, it’s been a little bit calmer. It still had a $4,000 trading range.
The most recent frenzy buying of bitcoin could be related to the imminent launch of bitcoin futures on CBOE and CME. The fact that CBOE and CME are preparing to launch Bitcoin trading instruments could mean a broader global acceptance of bitcoin to many.