This week has two important aspects to focus on – friend.tech, a crypto project that started off small but it is grabbing all the attention, and the U
Bitcoin futures product was listed as a product by the Chicago Mercantile Exchange in December 2017. Since then, CME’s BTC futures data has been crucial to identifying institutional flow and interest, among other things. Regardless, the daily chart for BTC now shows three unfilled gaps, two at the top and one at the bottom.Coinbase’s Layer 2 solution is once again at the forefront due to friend.tech’s popularity. The newly launched project has generated $1.
This news comes after the SEC mentioned that it was ready to review ETF-related filings. As a result, August’s first week saw a large inflow of asset managers filing for Ether futures ETF.Bitcoin price drop to $25,000 has caused massive liquidations for traders in a matter of few hours. But this bearish move of varying magnitude could repeat again, especially if BTC’s hash rate continues to rise and the price fails to recover quickly.
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