The upward trend is observed in the futures market. After last December many digital assets reached record prices, bitcoin and the crypto-exchange markets as a whole were “bearish” (declining) during the first month of 2018. At that time, traders forecast a downward trend in value, a “short” market. However, according to the latest data from the Commodity Futures Trading Commission (CFTС), bitcoin futures rates show that the vast majority of contracts become “long”, demonstrating that the cost of the BTC is becoming “bullish”, that is rising.
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