The CBOE Exchange in Chicago featuring the first Bitcoin futures contracts at 18.00 EST on Sunday crashed temporarily due to heavy traffic, as tweeted by the CBOE.
The result is that the price of Bitcoin is back at $16,500 (Bitstamp) and testing those high levels for the second time.
The high of the preceding pin bar has been crossed signalling a possible bullish sentiment. However, the high of $16,700 still needs to be crossed and confirmed with candle close.
It seems that so far the introduction of Bitcoin futures contracts had a positive impact on the price of Bitcoin.
This is still in very early stages, but there is a general assumption that the adoption of Bitcoin derivative products, such as futures and ETFs (which still need to be approved) by Wall Street will drive the price of Bitcoin much higher.
What do you think?
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