Bitcoin hit a new record high on Tuesday, close to $ 11,850, having made a rally since $ 1,000 at the beginning of the year.
On Bitfinex stock exchange based in the US, Bitcoin is at $ 11,620.00 at 6:28 AM ET (11:28 GMT), after earning $ 11,842 earlier.
Bitcoin gains have reaped 30% since Thursday, when prices fell to nearly $ 9,000 after tumbling more than 20% from the peak of the previous weekend.
Bitcoin, which is known for wild fluctuations, tends to bounce back quickly.
Prices rebounded on the launch of futures contract on bitcoin, a potentially important step in the evolution of digital currency.
The Commodity Futures Trading Commission of the United States announced Friday that it would allow two major exchanges to launch Bitcoin futures.
Cboe Global Markets announced Monday the launch of cryptocurrency futures trading as of December 10th.
CME Group, the world's largest derivatives exchange operator, said its bitcoin futures will be launched on December 18th.
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Bitcoin hit a new record high on Tuesday, close to $ 11,850, having made a rally since $ 1,000 at the beginning of the year.
On Bitfinex stock exchange based in the US, Bitcoin is at $ 11,620.00 at 6:28 AM ET (11:28 GMT), after earning $ 11,842 earlier.
Bitcoin gains have reaped 30% since Thursday, when prices fell to nearly $ 9,000 after tumbling more than 20% from the peak of the previous weekend.
Bitcoin, which is known for wild fluctuations, tends to bounce back quickly.
Prices rebounded on the launch of futures contract on bitcoin, a potentially important step in the evolution of digital currency.
The Commodity Futures Trading Commission of the United States announced Friday that it would allow two major exchanges to launch Bitcoin futures.
Cboe Global Markets announced Monday the launch of cryptocurrency futures trading as of December 10th.
CME Group, the world's largest derivatives exchange operator, said its bitcoin futures will be launched on December 18th.
This post has received gratitude of 8.57 % from @appreciator thanks to: @babarrajo.
This post has received a 2.84 % upvote from @buildawhale thanks to: @babarrajo. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
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