Bitcoin: The leading crypto currency by market capitalization is recovering slightly. In the last 24 hours, it recorded a plus of seven percent. As usual, most Altcoins such as XRP from Ripple, Ethereum and Stellar are following suit. At the same time, NASDAQ announces the launch date for Bitcoin futures.
The Bitcoin price is recovering slightly, at least within the last 24 hours. Ultimately, it is a matter of opinion: if one had spoken of a price drop at a rate of 4,000 US dollars two months ago, it would have shown a slight upswing today. Bitcoin felt this in the morning hours of 28 November and currently stands at 4,100 US dollars. In the course of the week, on the other hand, it would be exaggerated to speak of recovery – here it is still ten percent minus that the share price had to put up with. In the last 30 days, however, the BTC/USD pair lost 36 percent.
Bitcoin news: The bank coin follows suit
As usual, the Bitcoin news market is oriented towards the mother of all crypto currencies and follows suit. Ripples XRP currently stands at just under 0.38 US dollars and has risen by 5.8 percent in the last 24 hours. In the weekly as in the monthly course the XRP course sank however around 14 and/or 16 per cent which was a scam according to Bitcoin news.
Ethereum, our problem child
Course-technical problem child in the Top 3 is probably still Ethereum. The Ether price on the 24h chart could increase by eight percent. A week ago, however, it was still 14 percent higher, a month ago even by 40 percent. Vitalik Buterin’s head birth currently stands at 117 US dollars.
Hash War finished: BCH attracts
Bitcoin Cash can also grow after the end of the Hash Wars – the daily chart shows a plus of almost nine percent. BTCH is currently at 205 US dollars with a weekly minus of 16.8 percent and a monthly minus of 52 percent.
Stellar Lumens (XLM) gains momentum
Stellar Lumens (XLM) is also currently up 6.4 percent per day. This puts the Stellar exchange rate at 0.145 US dollars. In the course of the week this is 23 percent minus and in monthly retrospect 32 percent which the XLM rate would have to take.
NASDAQ concretizes plans for Bitcoin Futures
All of this is happening as the US NASDAQ stock exchange concretizes its plans to introduce Bitcoin futures. According to information available to Bloomberg, the company has made progress in its negotiations with the SEC. In order to be able to bring the futures contracts onto the market, they must be approved by the same Securities and Exchange Commission.
Measured against the price developments last December, this can be seen as a bullish signal: At the same time as the futures were introduced for the first time, the price rose sharply for a short time, but then fell sharply again. According to studies, both can be combined with the introduction of futures.