Bitcoin price (BTC/USD) little-changed as Cboe puts BTC futures on hold

The digital coin holds above $3,900 in quiet trading

Bitcoin price (BTC/USD) little-changed as Cboe puts BTC futures on hold

Bitcoin (BTC) had a relatively quiet trading session yesterday, as its price remained stuck in a tight range above the $3,900 mark. The digital coin did see some positive price action during the session, especially in the afternoon when it rose to a three-day high of $3,946.50, but it didn’t make any big moves in either direction. BTC finished the session at $3,924.37, up from its opening price of $3,905.58.

The Friday session has so far seen a similar trading pattern, with the Bitcoin price experiencing frequent, albeit minor, price fluctuations. At the time of writing, the coin was trading at around $3,920, according to data from digital currency tracker Coinmarketcap.

In other Bitcoin-related news, Cboe Futures Exchange (CFE) announced yesterday that it was putting its Bitcoin futures offering on hold. The company, which is owned by Cboe Global Markets, will not list a new Bitcoin contract in March, as it is looking to access the way its approach to offering crypto derivatives.

“CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019,” the company said. “CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading. Currently listed XBT futures contracts remain available for trading.”

In December, 2017, Cboe became the first major US exchange to offer Bitcoin futures contracts. Cboe rival CME Group followed suit later that month, by adding its own BTC futures offering. These moves contributed significantly to the big crypto rally of late 2017 and early 2018.

In today’s trading, the Bitcoin price stood at $3,922.74, as of 09:40 GMT.  The digital coin has gained 0.3% in the past 24 hours. Its total market capitalisation currently stands at $69 billion.

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