It didn’t set the world alight but it seems the Bakkt futures contract picked up some decent volume yesterday.
On the monthly contract, the Twitter Bakkt Volume Bot recorded that 244 contracts changed hands vs 24 the day before.
Today has been better too as so far 62 contracts have been put through the ICE exchange for Bitcoin futures.
After the launch of the Bakkt exchange its fair to say the volume was nothing compared to the launch of the CME contract two years ago.
Today there have been a few more comments from the exchanges as CME commented that they hope the BTC options contract will be as popular as the futures one.
Today Bitcoin is trading slightly lower but there has been a reversal over the last two hours to the upside. Yesterday the BTC/USD price held up well considering the news that the latest ETF bid was shut down by the SEC over security and price manipulation concerns. It has been said that the Bakkt futures custody and security could address some of those concerns but the SEC seemed to have none of it.
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Bitcoin Forecast and Analysis February 24 — 28, 2020
Bitcoin BTC/USD closes the trading week at 9680 and continues to move as part of the correction after a strong price increase. Moving averages indicate a bullish trend. Prices were able to break through the area between the signal lines up, which indicates strong pressure from buyers. At the moment, we should expect an attempt to continue minor correction and test the support area near the level of 9225. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 14065.
Bitcoin Forecast and Analysis February 24 — 28, 2020
In favor of raising BTC/USD quotes in the current trading week February 24 — 28, 2020, a rebound from the upper border of the downward channel will be made. The second signal will be a rebound from the trend line on the relative strength index (RSI). Cancellation of the Bitcoin growth option will be a fall and a breakdown of the area of 7725. This will indicate a breakdown of the support area and a continuation of the fall of BTC/USD with a potential target below the level of 5655. A confirmation of the development of the upward trend will be a breakdown of the resistance area and closing of quotations above the level of 11095.
Bitcoin Forecast and Analysis February 24 — 28, 2020 suggests an attempt at the support area near the level of 9225. Then, the cryptocurrency will continue to grow to the area below the level of 14065. An additional signal in favor of the growth of the Bitcoin exchange rate will be the support line test on the relative strength index (RSI). Cancellation of the option of raising the Bitcoin cryptocurrency quotes will be a fall and a breakdown of the area of 7725. In this case, we should expect continued decline with the target at the level of 5655.
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What is Bitcoin Era App?
An automated trading software that provides an opportunity to users to earn thousands of dollars daily, without any trading experience. An experienced or a newbie are equal here both can earn same level of profits because robots will trade on their behalf. The minimum deposit of $250 is required to start live trading, it is recommended to avail this facility.
How it works?
A unique feature of bitcoin era that make them distinguish from other trading bots is the amazing speed of robots i.e. they analyze the data 0.01 seconds faster than other robots.
They have implemented sophisticated algorithms to determine the trade opportunities. From account creation to live trading, every process seems to be flawless. However, cryptocurrency market is highly volatile and anything can be expected so keep in mind risks is involve.
You can also read
Best Bitcoin Trading Software Review 2020
How to start trade?
Step1: Create an account
Enter your personal information on the short form, available on the official Bitcoin Era. Such information include complete name (first and last name), email address, phone number and a strong password is compulsory. Once verification will be done, you will be notifies your account has been created. Registration process is quite simple and hardly takes 5 minutes unlike other trading bots it does not demand any unnecessary information. Remember, registration process is absolutely free for users.
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Like the registration process, this step also work smoothly. Deposit a minimum deposit $250 in order to start trade. Different payment methods are available, such methods include MasterCard, Visa, wire transfer, WebMoney, Maestro, Neteller, and Skrill.
Step3: Live trading
The demo trading option (optional) is also available for those who are reluctant use it as they don’t have any familiarity with the system. For those users demo trading option is available and it does not require real money.
Once you have capitalized your account, you are ready for live trading. Live trading involves the app analyzing the crypto markets for opportunities and placing corresponding trades. With Bitcoin Era, investors claim to make money in both falling and rising crypto markets
Why Bitcoin Era app?
The founders of bitcoin era claims an accuracy rate of 99.4%, which seems pretty cool. The reviews on the official platform are from real users, there are many fake trading bots available in market who lie about everything.
Bitcoin era realizes that no matter how responsive a system is, sometimes users do face some issues. So, customer support team is available for users 24/7.
The profits are limitless, users have improved their living standards. Reviews analysis showed that users earned an average profit of $5k per day. However, there are some negative reviews that people are making huge gains only to lose nearly all their profits in less than a minute.
Keep in mind, invest whatever you can afford to lose.
The software has good reputation in the market, majority of users are happy with this trading app. According to user, it is very easy to work with bitcoin era and they are making huge profits.
Bitcoin era claim that they have implemented industry standard security protocol plus broker partners are the most trusted members of industry. The bot does not share the personal information of their users, without their consent.
Unlike other trading bots bitcoin era does not have any hidden charges or fees. Registration process is of free and no commissions on withdrawal or deposits
Bitcoin Looking Healthy At $9,800 As Global Markets Tumble Amid Coronavirus Fears
Traditional financial markets are plunging today amid fears of the spreading coronavirus. While indices and stocks tumble across the globe, gold is increasing as investors turn to it as a safe haven. It reached its highest point since 2013. Amid this uncertainty, it’s interesting to see where Bitcoin’s price will go next.
Stock Markets Plummet
The coronavirus outbreak continues to expand with almost 79,000 confirmed cases globally. The death toll has risen to over 2,450, and 23 are outside of mainland China.
The effect of the deadly virus spreads among the financial markets as well. For instance, South Korea has reported over 600 cases, and its most popular index noted its worst trading day since late 2018. The Korea Composite Stock Price Index (KOSPI) decreased by almost 4% today.
The situation is not much better across the globe. The S&P 500 (SPX) futures were down with 1.5%, and Nasdaq (COMP) futures dropped with around 1.8%.
The Dow Jones Industrial Average (DJIA), measuring the thirty leading blue-chip U.S. companies, decreased with 1.61%.You Might Also Like:
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Bitcoin has traditionally demonstrated a lack of correlation to traditional financial markets. However, over the past 24 hours, its price went on a rollercoaster. It touched an intraday high of around $10,000 and a low of around $9,600. At the time of this writing, bitcoin is trading at $9,800, marking a healthy recovery.
From a technical standpoint, the $10,000 level serves as a significant resistance level. It rejected Bitcoin a few times since yesterday. In terms of support, the next measurable level is at $9,550. Should it fail to hold the price, traders should consider $9,400.
Earlier in January, when the coronavirus epidemic started to boom, both Bitcoin and gold were increasing. This led some to think that both assets were used as a hedge.
Gold and Oil
At the start of 2020, during the attacks between the U.S. and Iran, gold, oil, and Bitcoin were moving similarly. While the traditional market was plunging again, all three surged.
Despite that, the outcome so far today is somewhat different. Oil fell with 2.8% to below $57 per barrel. At the same time, gold records its highest point in over seven years.
The precious metal is regarded as the most widely-used hedge in times of uncertainty, political and economic tension, or even war. This is reaffirmed today, as gold increased with over 2.7% from $1,641 to $1,688 in just a few hours.