Good morning, everyone welcome to today's Bitcoin and cryptocurrency news. Bitcoin is certainly off to a good start. It is hovering around 85 80 and looks to climb even more looking at a four hour chart BDC broke out of a wedge, and now it looks to climb to its next major resistent. It faces around ninety three. Ninety four hundred, that is, that orange line that you guys see that major resistant if broken, will show that BDC is well on its way to twelve or fourteen thousand by the halving of that it's certainly exciting times. Right now, yesterday, cme launched bitcoin options and had over two million dollars in trading in its trading debut nothing too groundbreaking, but it did beat backs first day of futures trading, and that was a lot more hyped. So this is actually pretty impressive for opening day for CME Group I'm, still firm believer that options and futures both will contribute in a big way with BD sees rally in 2020 and it's, bear Bach rise in 2021, so so far, it's looking good and speaking of Back it recorded a hundred and sixty one million and monthly volume last month, which shows institutional investors. Interest is rapidly growing. In fact, just on December 18th, 2224 contracts worth close to 19 million, were traded setting. An all time record. So right now is certainly war between CME Group and backed in terms of derivative products that both are offering, but one thing is for sure institutional investors are not giving up on interest.
In fact, interest has only begun is XRP a commodity or security. That is the ten billion dollar question. Cftc Chairman Heath Tauber was asked about the status of XRP and was his response. It'S unclear, stay tuned, I'd, say part of the issue. Is that our jurisdiction we share with sec? If it's security, it falls under their jurisdiction. If it's a commodity, it falls under ours. So to me it sounds like there's, some red tape that both the CFTC and SEC has to work through Ripple currently is in a class action lawsuit where investors are claiming XRP were sold as securities in a legal token sale. So if the CFTC and SEC officially declared that XRP is security, this could really damage Ripple tremendously right now, we'll just have to wait and see Craig Wright, AKA faked. Oh, she has February 3rd access to 1.1 million bitcoins. He claims to have possession of this comes down to the tulip trust and the bonded carrier that was supposed to have come on January 1st, but didn't US District Judge, Beth Blum says right now has until February 3rd to inform the courts if he has possession of The Bitcoin and to also inform the court if the bounded carrier came BSP, is pumping today, there's, no doubt it's being pumped on purpose to cover up the bad news. Craig Wright is facing in court. What happens after February 3rd? I guess we'll just have to wait and see it was reported a few days ago, cost a coin based alternative exchange, shut down services and pulled exit scam.
Thanks to this investigator, we now know a little more about roon Evanson, the founder of costs. Roon is the founder of site, talk, nico and any grow. They were all MLM aka pyramid scheme sites. Hopefully he gets what he deserves, but right now it looks like cost was just another scheme for him to make a quick buck. Bitcoin is still on ur eyes. Since I went through the articles, it has climbed up another hundred points right around 8650 right now, so things are definitely looking pretty good but, like I said the next major resistance. The point that we want to see PDC get to and break past will be around. Ninety three hundred ninety four hundred and then 10k is probably right around the corner and this all lines up what I've been predicting for a while now and that is leading up to the having event we'll go see some growth possibly get up to twelve to fourteen Thousand by May and from there get up to twenty thousand by the end of the year. Those are conservative figures and they can come much sooner than anyone anticipates alright guys, thanks for watching make sure you hit the like subscribe to the channel and stay tuned. For my future videos – and hopefully I'll see you guys in my next live session as well, take care guys, bye, bye,