Bitcoin Futures Managed to Defend $3600 Level Though Decline 3% This Week

[ChainDD report] January 12 (ChainDD) On January 11 EST time, the most active Bitcoin futures contracts of two major U.S. futures exchanges managed to defend the $3600 level with a small rally, after an almost 10% daily plummet. In the first two weeks of 2019, the futures declined more than 6%, with about 3% drop in the recent week.

February-delivered Bitcoin futures BTC at CME Group, the largest futures exchange in the world, closed at $3635, rising about 0.83% in one day, and dropped about 2.94% over the latest week.

February-delivered Bitcoin futures XBT at Cboe, the largest option exchange in U.S., rose more than 0.9% to $3642.5 as the closing price, and fell more than 3.51% in the latest week.

According to ChainDD’s market tracking indicators, Bitcoin spot price on most of exchanges including Binance still failed to recover $3600.

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