Since last night’s USD/JPY drop didn’t amount to a hill of beans (quite the opposite – -ES and NQ are both green now, naturally), let’s turn our attention to the one space that typically has interesting action; cryptos. Specifically, Bitcoin.
As we all know, two big exchanges launched Bitcoin futures last month, one December 10 and 17. Interestingly, the 17th was (so far, at least) the lifetime high for the instrument. After trading at about $20,600, it lost about half its value, only to recover most of that loss based on well-founded BTFD mentality as well as a big positive push by Peter Thiel.
