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Assessments / Blog


2017-12-11
Crypto News


BITCOIN

After the high of at $16667 on Friday, BTC sold off to a low of $12701 over the weekend. The selling was probably caused by Investors taking profits before the holidays. At the moment price is near the $16000 mark again and will probably test the high around $17000 again.

Bitcoin futures made its debut today on the CBOE. Traders and Investors now have the opportunity to open long AND short positions using this instrument. eSignal symbol for the January contract is XBT F18-CF. Speculation by some traders was made as to how trading this first future for BTC will influence price discovery on the BTC exchanges? Only time will tell, but expect more wild price swings in future with the coming of the BTC future.

ALTCOINS

The biggest gainers were Open Source Coin (OSC) with a gain of 250% the past 24hours, followed by UniversalCurrency (UNIT) with a gain of 202% and TerraNova (TER) with a gain of 178%.

RISK DISCLOSURE:

The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading.

Trading Forex, Stocks and Options, Futures and any Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.


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