Price Overview: Bitcoin, Ethereum, Litecoin

Market Analysis

There is a “rally” on the market this week. The main reason for that is Bitcoin futures. Even JPMorgan, well known for its Bitcoin criticism, announced its plans to offer this tool to its customers.

Bitcoin futures are absolutely essential for the market players. First, it will allow banks and investment companies to offer their customers a product that does not require the necessity to open a crypto wallet or an account on a crypto-exchange. Secondly, the Bitcoin futures contract has long been of interest to investors as a tool that is practically unrelated to a traditional currency, securities and industry. It could be used both for portfolio diversification to increase its profitability, and to hedge risks.

Even the Tether USD hacker attack couldn’t stop the “wave” of positive movement and high liquidity, although on Nov. 21 Bitcoin temporarily decreased by five percent.

And finally, the long-awaited Ethereum price growth. But we’ll have a look at it later…

Source: Price Overview: Bitcoin, Ethereum, Litecoin