Did Futures Trading Change Bitcoin Prices?
December 24, 2018
A summary of bitcoins ups and downs in a report by econmists Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak and Patrick Shultz discussing cryptocurrencies in their latest speculative rage where traders in 2017 pushed bitcoin from approx. $1000 to almost $20,000 in a matter of months. But after hitting fresh highs, bitcoin’s price reversed and plummeted in 2018, a trending pattern seen in previous years with highs and lows, economists parallel this volatility to…