CME

A big financial analyst famously known for his optimistic position on bitcoin has floated the contingency that bitcoin futures contracts could be highly damaging the cryptocurrency's price.

Despite the overall bullish trend, we may still see small pullbacks in the price of Bitcoin.

Bitcoin reached its all-time high of $7,617 on Sunday, November 5, due to the influence of CME Group’s announcement. It proved to be a quite lasting benefit to the market. However, by the end of the day, the price had decreased to $7,175.

Bitcoin is scaling new price heights.