Cryptocurrencies Market Overview - December 18, 2017
Welcome to my Cryptocurrencies Market Overview for Monday, December 18, 2017.
Today in the news:
- CME Group's long-awaited bitcoin futures began trading today.
- France will propose that the G20 group of major economies discuss regulation of the bitcoin virtual currency next year.
- NEO Price reaches a new All-time High of $74.60.
- And more crypto news below...
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart (log scale)
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - December 18, 2017
CME Bitcoin Futures Price Above $20k in First Day Trading
CME Group's long-awaited bitcoin futures began trading today with a bullish signal, as the sale price for its Jan. 18 contracts opened above $20,000.
Read more: coindesk.com
Other sources:
Bull Market Breather? Bitcoin Retreats After Run on $20k
Bitcoin is trading on the back foot today following the bullish debut of futures on the CME. Having clocked a new all-time high of $19,783 at 12:14 GMT yesterday, CoinDesk's Bitcoin Price Index (BPI) is trading at $19,178. Further, data source CoinMarketCap shows bitcoin (BTC) has depreciated by 2.77 percent in the last 24 hours.
Read more: coindesk.com
Bullish Momentum Could Push Ethereum Price to $750
Things are looking pretty good for all cryptocurrencies in general. Even though Bitcoin struggles to break the $20,000 resistance, all altcoins are slowly catching up again. In the case of the Ethereum price, we will most likely see a new all-time high in the next 24 hours. With the Ethereum price now holding its own above $735, surpassing the previous ATH of $744 shouldn’t be overly difficult.
Read more: themerkle.com
Bullish Moas - Bitcoin Destined For Another 500% Rise
Having successfully predicted recent Bitcoin highs, Standpoint Research Founder Ronnie Moas sees lofty highs for the preeminent cryptocurrency in the next year. In August, the billionaire former hedge fund manager tentatively forecasted Bitcoin’s rise to the $20,000 mark in three years, but his timelines were quite off the mark. Two months later, amid the start of Bitcoin’s outrageous bull run and talk of the launch of futures trading, Moas changed that prediction to 2018.
Read more: cointelegraph.com
Whoever created Bitcoin is now among the world’s 50 richest people
When it reached a high of $19,771 yesterday, Bitcoin made the creator of the cryptocurrency the 44th richest person on the planet – if you go by Forbes’ list, noted Quartz. The problem? Even after eight years since it was launched, we still don’t know who that is.
Read more: thenextweb.com
French finance minister calls for bitcoin regulation debate at G20
France will propose that the G20 group of major economies discuss regulation of the bitcoin virtual currency next year, Finance Minister Bruno Le Maire said on Sunday.
Read more: reuters.com
Other sources:
- Europe Wants to Regulate Bitcoin to Clamp Down on Illegality (Bloomberg)
- ‘Bitcoin Question’ Should Be At G20, Says France Finance Minister (Cointelegraph)
- Crypto to Take Center Stage at G20 – “Need to See How We Can Regulate Bitcoin” (Bitcoin.com)
Overstock is turning into a bitcoin tech company
Patrick Byrne, who runs Overstock.com (OSTBP), an online retailer that competes with Amazon (AMZN), is launching a $250 million Initial Coin Offering on December 18 to raise funds to reshape the business. That figure would just about match the largest ICO to date.
Read more: cnn.com
NEO Price Reaches a new All-time High of $74.6
Even though fewer people have paid attention to NEO over the past few days, there was some good money to be made. More specifically, the NEO price has surpassed the $74 mark for the first time in history. This is quite a sufficient increase, considering how it has been pretty difficult for the NEO price to surpass $50 not that long ago. Cryptocurrency markets remain highly unpredictable and there are still plenty of fireworks to come in the coming months.
Read more: themerkle.com
Bitcoin ETFs are Back in the Game with Renewed Filings
As Bitcoin futures are already trading on two exchanges, CBOE and CME, the possibility of a Bitcoin-based ETF is becoming more viable. Several funds were proposed in the past days.
Read more: cryptovest.com
Is Bitcoin a Bubble? Andreas Antonopoulos shares his throughts
Central banks could hold bitcoin and ether for the first time in 2018, cryptocurrency CEO says
Global central banks will start holding digital currencies in the next year, the chief executive of a cyrptocurrency wallet platform told CNBC Monday. "I think this year will be the first year we start to see central banks start to hold digital currencies as part of their balance sheet," Peter Smith, CEO of Blockchain, told CNBC.
Read more: cnbc.com
Bitcoin lottery launches in Ireland
Irish gamblers can join the volatile cyrptocurrency action after Lottoland launched its Bitcoin lotto jackpot. The draw, which takes place every day except Sunday, is seeded at 1,000 bitcoins, worth around €14.2 million, and is based on a similar format to the Irish lottery.
Read more: irishtimes.com
Wow such a valuable information. This gives me a lot of ideas of investments.
Same here... The information is an eye opener
I love the month review, pretty much buy anything and profit at least 50% lol
Hehehehe... Ur right
Thank you @penguinpablo for an informative post. I concur with Andreas M. Antonopoulos when he says, "...it will probably correct sharply,..Those who have the understanding of the underlying tech and long term value will hold.
Remember Jamie blowing smoke up butts trying to tell people crypto was garbage two months ago?? Lying money whore that he is !! Peace, rock the Steem !!!!
Bitcoin hesitated on Monday, after facing the $ 20,000 mark a day earlier, and retreated at the same time as the long-awaited launch of the CME Bitcoin futures.
On Bitfinex exchange based in the United States, Bitcoin drops 8.13% to $ 17,717.00 at 9:52 AM ET (14: 52GMT).
The digital currency, which is trading 24 hours a day, 7 days a week, has fallen from a record high of $ 19,891.00 the day before.
The cryptocurrency fury was conducted this year by Bitcoin, the largest digital currency with a market capitalization of $ 303.58 billion, with cumulative gains of more than 1,800% since the beginning of the year.
The Chicago Mercantile Exchange (CME) launched its own future on Bitcoin Sunday after the launch of futures on CBOE a week earlier.
The launch of futures has met with a mixed response from investors as it offers market participants the opportunity to place bearish bets on bitcoin, which could put pressure on the price of digital currency.
Other market participants, however, believe that the launch of futures paves the way for the creation of an established asset class, which would stimulate institutional demand.
I love that Market Cap graph. I might have to steal that for some of my sports content.
many bitcoin news are available there. Thanks for share
Pretty good information @penguinpablo thanks for share!!!
And then Qtum bullies its way into the Top 5 coins.
yes
friend that post so good did you @penguinpablo