Another Tenuous Spot For Bitcoin

Related: Bitcoin Prices Likely to Remain Weak Over Near-Term

Nasdaq Inc. is still considering entering the bitcoin futures competition. Market observers previously expected Nasdaq to launch futures on the digital currency this year. The exchange operator has previously said that if it moves forward with bitcoin futures, its product will be different from those offered by Cboe and CME.

“Over at the Cboe, Kevin Davitt, senior instructor for The Options Institute, said a break of $6,000 would likely see a retest of the 2018 lows, which would also mark a record low for the futures contract, which debuted in December,” according to MarketWatch.

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