Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.
Chicago Mercantile Exchange’s cash-settled Bitcoin (BTC) futures trading products “contribute more to price discovery than its related spot markets,” according to findings in a new report by investment firm Wilshire Phoenix.
The increasing volumes of crypto derivative products highlight greater participation from institutional investors and this will likely be positive for the entire crypto space.
This is not unique to cryptocurrencies because even in most other asset classes, the derivatives markets lead the spot markets.
Coin Telegraph - 16th Oct 19:10