Bitcoin hits a new record, close to $ 12,000

in #bitcoin7 years ago

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.

The Commodity Futures Trading Commission of the United States said Friday that it would allow both stock exchanges to launch future bitcoins.
The price of Bitcoin increased significantly in 2017. Although it took almost four months to go from $ 1,000 to a closing price of more than $ 2,000, it went from $ 9,000 to about $ 10,000. in three days.
Its meteoric rise has warned against an increasingly volatile bubble amid signs that it is moving from the periphery of finance to the general public.
Last week, CFTC President J. Christopher Giancarlo warned investors against the extreme volatility of Bitcoin.
Blankfein is the latest boss of a big bank to criticize Bitcoin, after JP Morgan chief executive Jamie Dimon described it as a fraud that would eventually explode.
Elsewhere, Bitcoin Cash is at $ 1,524.00 while Bitcoin Gold is at $ 303.49.
Elsewhere, Ethereum, the second largest market-ready cryptocurrency is $ 460.52.

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