Bitcoin Shows New Resilience as Markets Shake off Futures Settlement

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Bitcoin futures may have expired, but even that failed to produce volatility in cryptocurrency as markets remained flat Saturday, Oct. 27.
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Data from CoinMarketCap and Coin360 confirm that the end of the trading week – and with it the payment date for CME Group’s Bitcoin futures – had essentially no effect on either Bitcoin (BTC) or altcoin prices.

The behavior marks a stark contrast from just several months ago, with impending futures previously sparking losses in the run-up to their settlement date.

On Friday, Cointelegraph had noted that Bitcoin volatility had hit an 18-month low amid mixed forecasts about the 2018 bear market ending in the short term.

At the same time, commentators have claimed that a surprise uptick could well hit the crypto-economy unannounced, independent of the impact of institutional investors entering the space, something expected in the first half of next year.

For the meantime, BTC/USD remains tightly rangebound, at press time trading at $6,482 and hardly moving over the past 24 hours.
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