Bitcoin has regained some of the positions lost after a failed attempt to consolidate above 50,000.
Citigroup Bank (NYSE:C) may provide an opportunity to trade bitcoin futures for some institutional clients, given the high demand for crypto assets, as stated by the official representative of the bank. Coindesk reported that Citigroup is awaiting regulatory approval to begin trading bitcoin futures on the Chicago Mercantile Exchange.
Bloomberg exchange-traded funds experts predict that the Securities and Exchange Commission may approve ETFs for bitcoin futures by the end of October. Analysts also believe that the SEC will approve several applications to launch an ETF at once, so as not to give one of the companies a first-mover advantage.
The largest derivatives exchange in Europe, Eurex, announced that the first European bitcoin futures could be launched on September 13.
Michael Saylor, executive director of MicroStrategy (NASDAQ:MSTR), said that his company acquired an additional 3,907 bitcoins worth about $ 177 million. Thus, the total position of the company is now 108,992 bitcoins.
Several companies have announced their intention to enable customers to pay for their goods and services with bitcoins
The mortgage lending company from the United States Unified Wholesale Mortgage plans to include digital assets as a payment option by 2021. The South African real estate investment company Quorum Holdings and the Canadian jewelry exchange SafeGold are also planning to provide such an opportunity.
According to technical analysis, fixing above the resistance of 50500 will open the way to 52800. In case of a return below 46700, a decrease to 45300 is likely.