Bitcoin BTC Is recovering strongly after the recent fall, which occurred when the CME Bitcoin Futures Contract commenced on the 18th December. A CME contract is 5 Bitcoin.
The CME Futures contract gave Wall St. influence over Bitcoin prices, ending its erstwhile independence from the normal financial influencers.
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Bitcoin regaining strength after recent severe drop.
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Bitcoin $BTC Is recovering strongly after the recent fall, which occurred at the time of the CME Futures Contract commenced on the 18th December.
The CME Futures contract gave Wall St. influence over Bitcoin prices, ending its independence from the normal financial influencers. A CME contract is 5 bitcoins.
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Bitcoin was trading at just under $21,000 at the point of the CME contract opening, but rapidly fell to $12,000 within days, as did other crypto currencies.
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Since that nadir, the price has steadily risen and is now trading around $17,000, with some cryptos rising more in percentage terms as the battle between Ripple (XRP), and Ethereum (ETH) for second place hots up.
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Ripple has risen 320% since the 18th December, Ethereum 40%.
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- The total crypto market cap is $823,946,373,163
- There are now 1,384 crypto currencies