CFTC Approves Bitcoin Perpetual Futures Product

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

Explore Agentic TradingLet AI Trade for You

Regulatory Shift: The CFTC's approval of Bitcoin perpetual futures on Kalshi's platform signifies a pivotal regulatory shift towards crypto derivatives, expected to enhance market compliance and transparency.
Product Design and Compliance: The BTCPERP contract is designed to track Bitcoin's spot price, allowing users to speculate without owning Bitcoin, which helps mitigate investor risk and increase market participation.
Coinbase No-Action Relief: The CFTC granted Coinbase a no-action letter, permitting the launch of similar perpetual futures under specific conditions, marking a significant advancement for the industry and potentially encouraging more institutional involvement in crypto markets.
24/7 Trading Potential: The CFTC emphasized that crypto derivatives are well-suited for 24/7 trading, which could improve price discovery and liquidity, while also necessitating enhanced clearing and regulatory oversight to ensure investor protection and market integrity.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like TRUMP with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for TRUMP

Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

OFFICIAL TRUMP (TRUMP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.52	1.673	1.842	1.995	2.164	2.317	2.486
Fibonacci	1.673	1.796	1.872	1.995	2.118	2.194	2.317

About TRUMP

$TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community - we’re all about fighting for what matters.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on TRUMP?

Get Started Free