Currently, four monthly contracts for Bitcoin are traded on the exchange. The nearest of them expires on Wednesday. This is reported by Forbes.
According to the data, over the past week the contract was traded in the price range between the minimum of $ 8,380 and the maximum at $ 11710 with a difference of 28.4%.
Such a volatility was facilitated by the announcement of the SEC on mandatory registration of online platforms that deal with the trade in digital currencies.
It is expected that this week, among other factors affecting the value of Bitcoin, there may be added volatility, which is also associated with the expiration of the contract.
Since Bitcoin trades without interruptions, and CBOE working hours are limited, the movement of the value of the cryptocurrency at the weekend is not taken into account by the exchange, which is why some investors may lose their money.
Before the February espiration of futures, many users expected a decrease in the price of Bitcoin, based on the state of the market before the close of trading in January, however, this did not happen.