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On the eve of Christmas and New Year, with great deal optimism or positivity, bitcoin and its crypto-peer group prices have continued its bullish streaks that have taken place since mid-December. BTCUSD price has rallied to $4,336 levels or up +6.47%, while ETHUSD has also climbed above $151 levels (i.e. up about 13.14%) and so is LTCUSD, spiked-off $36 levels (or +7.99%).
The bullish sentiments in cryptocurrency space have resumed since 15thDecember, as the new cryptocurrency start-up established by the Intercontinental Exchange (ICE), appears to be well-equipped to unveil bitcoin futures contracts which would be available for the physical delivery facilities. Now, the ball seems to be in CFTC’s court for further developments.
The news was confirmed in the recent past by ICE, that would offer new tracks especially for institutional clients and retail traders to make an access for cryptocurrency trading. ICE, which also operates the New York Stock Exchange (NYSE) released the latest specifics about this development.
The Intercontinental Exchange is on a quest to make Bitcoin investing easier. The company is said to be in advanced discussions with the US CFTC regarding the launch of physically settled Bitcoin futures.
Rumors about a cash-settled bitcoin futures contract are circulating since early autumn. In the last days of November, the ICE announced a prospective date for the launch which is set to the 24thof January. The plan is still subject to regulatory approval by CFTC for now.
Bakkt, a platform to become pioneer for the Bitcoin-settled futures contract, is expected to get approval by the United States Commodity Futures Trading Commission (US CFTC).
Now, the focus is on US regulatory body whether CFTC play a role of Santa to shower with good news for crypto-aspirants. As per a press release issued by ICE back in November, Bakkt would begin trading BTC futures on January 24, 2019. That would certainly be a good reason to celebrate New Year as the CFTC will likely vote on the matter in early 2019, as per the fresh reports.
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 49 levels (which is bullish), hourly USD spot index was at 37 (mildly bullish) while articulating at (10:37 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
