Bitcoin futures might have been expired, however this did not seem turning out market volatility in case of cryptocurrencies as markets remained flat bearing little looses.
Data from CoinMarketCap and CoinChangelly ensure the end that this trading week – and with it the payment date for CME Group’s Bitcoin futures – had basically no result on either the prices of Bitcoin [BTC] or Altcoin’s.
The behaviour marks a stark distinction from simply several months awhile, with imminent futures previously sparking losses in the run-up to their settlement date.
As per a recent report published by EtherDesk earlier this week, Bitcoin [BTC] noted a volatility that had hit 18-month low amid mixed forecasts regarding the 2018 bear market ending within the short term.
At the same time, commentators have claimed that a surprise uptick could well hit the crypto-economy unpredicted, independent of the impact of institutional investors getting into the ecosystem, something expected in the primary first half of next year.
However at the reporting time, BTC/USD pair remains tightly rangebound trading at a price of $6,475.318 USD which is 0.17% lower than yesterday.
This minimum loss story has broadly repeated across the top 20 Altcoin’s by market cap, the second major cryptocurrency on the other hand, Ethereum [ETH] is trading at a price of $204.083 USD which is 0.31% higher than yesterday.
Support at $200 USD is currently holding its stand firmly.
Elsewhere within the top 20 altcoin’s, IOTA [IOTA] has seen the major downtrend movement for the day, down 2.64 % at the reporting time.
The total capitalization of all cryptocurrencies has seen nearly no amendment over the past twenty four hours, strangling at around $209.088 Bln.