A Good First Outing

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The big talk in the financial world is, of course, the launch of Bitcoin futures. The CBOE site faced the embarrassment of going down within minutes of the launch on Sunday, but in general, Bitcoin continues to feel the wind at its back. At one point this weekend, it was a full 25% off its peak (a rather sharp fall for such a short amount of time), but it’s fairly near its highs now. Next weekend, the CME joins the party and launches their own futures. The chart below is intraday, and although $BTC has recovered powerfully, it seems to be having trouble getting past around the $17,000 mark.

slopechart_$BTC

I still think the “secondary” currencies are well worth watching, such as Ethereum and Litecoin, shown below. $BTC is getting all the press and attention, but if crypto is going to change the world, it’s not the only fish in the sea.

slopechart_$LTC