In this webinar we discussed the effect the Bitcoin future launched on the CME had on the underlying cash market and why overnight volumes are an important guide to Bitcoin’s price in European hours. We also looked at the potential liquidity problems ahead over the Christmas/New Year period and how market volatility may ramp higher.
Other topics covered today in the Bitcoin webinar include –
- Korean Bitcoin exchange YouBit is closing due to a second hack in eight months.
- Coinbase, one of the world’s largest cryptocurrency exchanges starts trading Bitcoin Cash but then suddenly calls for an internal investigation on potential insider trading as the price of BCH soars.
- The controversial SegWit2x fork may be back on the cards and as soon as December 28. A new coin, B2X, is mooted along with other free Bitcoins.
- A wide range of altcoins have jumped higher over the last month with coins like IOTA, Litecoin, Ethereum and Ripple making triple-digit gains.
If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
