Crypto Today: Bitcoin trying to stabilize after a volatile first day of futures trading on CBOE

As futures of the cryptocurrency began trading on the CBOE exchange, the newly launched bitcoin futures witnessed good two-way moves on Monday. The world's most traded digital currency surged through the $17,000 mark to hit a fresh record high and triggered two temporary trading halts, designed to calm the market. The initial euphoria, however, turned out to be short-lived, with prices now trying to stabilize around $16,500 during the Asian session on Tuesday. 

Meanwhile, Ethereum, the second most traded digital currency, bucked the trend and extended its bullish trajectory to set a fresh record high on Tuesday. At the time of writing, the ETH/USD was trading around $530, gaining in excess of 3.0% for the day. 

The total market capitalization of all digital coins on CoinMarketCap was $459.22 billion, while Bitcoin’s market capitalization alone stood at $ 279.03 billion.