Summary:
- CME Group does not plan changes for its Bitcoin futures market
- US SEC’s Szczepanik thinks crypto spring is going to come
- Bitcoin begins week at around $3955
Major cryptocurrencies experienced some rises on Friday and Saturday. However, Sunday’s trading brought some downward price movements for major cryptos. Moreover, they have experienced slight losses also during the first hours of today’s trading. According to CoinMarketCap, the capitalization of the crypto market stands a little above the $139 billion handle whereas the largest digital currency Bitcoin accounts for roughly 50.8% of this value.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Bitcoin (BITCOIN on xStation5) experienced three consecutive days of rises last week. Moreover, the largest virtual currency broke above the $4000 handle for a while during Saturday’s trading. However, Sunday was not so rosy for Bitcoin as it erased a part of its fresh gains. Source: xStation5
CME Group doesn’t plan changes for its Bitcoin futures market
The Cboe Futures Exchange announced last week that it would not add new Bitcoin futures contract in March (we wrote about this on Friday). Note that CoinDesk (the popular crypto website) asked the CME Group about its plans connected to its Bitcoin futures market. A spokesperson of the CME Group said for the website that the exchange planned “no changes to the announcement re our bitcoin futures contract”. Moreover, this information may not be surprising as volume of the CME Group’s Bitcoin futures has been roughly more than double compared to volume of the CFE’s Bitcoin futures, as the Coindesk reports.
Ethereum (ETHEREUM on xStation5), like its bigger peer Bitcoin, saw a slight drop during yesterday’s trading, and it has begun also today’s trading in red. The second biggest virtual currency has not managed to distance from its 50-period moving average (a light green line) on the daily chart, and Ethereum is moving a little above it at press time. Source: xStation5
US SEC’s Senior Advisor thinks crypto spring is going to come
The US Securities and Exchange Commission’s Senior Advisor for Digital Assets Valerie Szczepanik produced some remarks about cryptos during the SXSW conference in Austin, Texas. The SEC’s Senior Advisor remarked that she thinks “if we hope to smell the crypto spring in the air, it will take people walking with the regulators”. Moreover, Szczepanik said also that she thinks “the spring is going to come” in the topic of cryptos, as the Coindesk reports. Furthermore, the Senior Advisor for Digital Assets stated that the Commission has not produced clear regulations yet, because its approach is aimed to support innovations.
Litecoin (LITECOIN on xStation5) moved noticeably higher at the opening of Saturday’s trading. However, the cryptocurrency slightly went down yesterday, and it has also experienced a drop thus far today. As a result, Litecoin is trading a little above the $59 handle at press time. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
