Has Bitcoin’s Price Become Immune to the Effect of Expiring BTC Futures Contracts?6.79

On the 26th of October, Ethereum World News notified its readers of the expiration of Bitcoin (BTC) Futures contracts offered by the CME Group. The BTC Futures contracts were expiring on the same day at 4pm London Time. Some traders have also put forth the idea that they usually expire at 4pm GMT. The difference between the two time zones is one hour but we can observe from this past Friday, that the price of BTC was not affected by the expiring contracts.

The following chart highlights the price of Bitcoin over the past 7 days. It shows that the price of BTC has continued to be stable above $6,400.

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