Price Action
Today was a quiet range bound trading day. The price touched a high of $255 and a low of $245. The GBTC or the first Bitcoin investment vehicle to be listed in America (on the pink sheets) went live today. It was an anti-climactic launch with no major price movements after it went live.
Trade Idea
Establish a short position with XBUJ15 above $250 on the hunt for a break down below $240 over the weekend.
In the News
Bitcoin Investment Trust goes live on the American pink sheets market (CoinDesk)
Isle Of Man clarifies Bitcoin regulations (CoinDesk)