Cryptocurrency Q&A
Will bitcoin price fall after CBOE announcement?
Will bitcoin price fall after CBOE announcement?
Maria
Mon Jul 15 2024
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5 answers
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In the wake of the Chicago Board Options Exchange (CBOE) announcing the launch of Bitcoin futures contracts, investors and traders alike are asking the question: will the Bitcoin price fall? This announcement has understandably caused a stir in the cryptocurrency community, as futures contracts traditionally provide a means for investors to hedge against potential price declines. However, given the volatile nature of Bitcoin and the novelty of this financial instrument, it remains to be seen how the market will react. Will investors see this as an opportunity to lock in profits or a signal of impending doom? Will Bitcoin prices soar on the optimism of increased liquidity or plummet under the weight of bearish sentiment? The answer, as always in the world of cryptocurrencies, remains uncertain.
5 answers
Sara
Wed Jul 17 2024
Prior to this, the cryptocurrency had recovered to almost $46,000 within the trading day, showing signs of resilience.
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JejuJoyfulHeart
Wed Jul 17 2024
The fall in price is not considered a significant surprise, given the volatile nature of the cryptocurrency market.
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Caterina
Wed Jul 17 2024
Some experts, such as Cathie Wood, the CEO of ARK Invest (ARKK), have predicted that there might be some profit-taking activities after the approval of the Bitcoin ETF.
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Enrico
Wed Jul 17 2024
The Bitcoin price experienced a slight dip, nearing the $45,500 mark, following the announcement made by Cboe.
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SamuraiHonor
Wed Jul 17 2024
Her prediction seems to have materialized, with investors likely taking advantage of the ETF approval to cash out some of their profits.
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