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Bitcoin made a run from $8123.98 on Saturday to a high of $9773.88 an increase of 20% in two days and is currently trading at $9770.33. At the moment there is no signs of any pullback. We are looking for a chance to get in again when a pullback occurs.
The announcement of a Bitcoin futures product sets the stage for a Bitcoin ETF in the near future, allowing traders who either can’t trade Bitcoin due to regulatory hurdles or won’t trade cryptocurrencies because of fear or other self-imposed obstacles. With Bitcoin futures, traders can simply bet on the gain or decline of Bitcoin, without actually investing in Bitcoin directly. Once the futures product is established, a Bitcoin ETF can be expected by the end of 2018.
Ethereum is up 41.50% for the week from 344.06 last Monday to a high today of $487.00 and is currently trading at $474.63.
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