Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Cointelegraph

Published Oct 16, 2020 03:22PM ET

Updated Oct 17, 2020 05:20PM ET

Chicago Mercantile Exchange’s cash-settled Bitcoin (BTC) futures trading products “contribute more to price discovery than its related spot markets,” according to findings in a new report by investment firm Wilshire Phoenix.

The increasing volumes of crypto derivative products highlight greater participation from institutional investors and this will likely be positive for the entire crypto space.

Daily cryptocurrency market performance. Source: Coin360
BTC/USD daily chart. Source: TradingView
ETH/USD daily chart. Source: TradingView
XRP/USD daily chart. Source: TradingView
BCH/USD daily chart. Source: TradingView
BNB/USD daily chart. Source: TradingView
LINK/USD daily chart. Source: TradingView
DOT/USD daily chart. Source: TradingView
ADA/USD daily chart. Source: TradingView
LTC/USD daily chart. Source: TradingView
BSV/USD daily chart. Source: TradingView

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