Bitcoin is STABLIZING for now after the commencement of its futures contracts trading on CBOE.
The skyrocketed prices of Bitcoin have caused the two of the leading exchanges for Bitcoin suffered some outages this week. Both exchanges are struggling to keep up with the influx of the interest in the Bitcoin trading.
The spot market of Bitcoin is up very slightly today but has remained below the $17,000 mark. We had a record close on Tuesday at $17,730. The price retreated a bit yesterday. Is it the futures trading on CBOE that has introduced some normalcy in the Bitcoin market? That remains to be seen. For now, we are not seeing the $3,000 or more daily trading range.