77411
Bitcoin Jumps Above $12,000
Bitcoin Jumps Above $12,000

Bitcoin Jumps Above $12,000

Bitcoin Jumps Above $12,000

Bitcoin surpassed $12,000 for the first time amid speculation that the widespread use of futures will help lead to digital currencies being viewed as a legitimate asset class for mainstream investors, Bloomberg reported. The largest cryptocurrency by market value has soared from less than $1,000 at the start of the year as optimism climbs for the distributed ledger technology known as blockchain that is at the heart of bitcoin. The digital token was selling for $12,198.57 on Wednesday, according to industry site CoinDesk. The price surge has been accompanied by a growing chorus of warnings that the speculative frenzy is an asset bubble poised to burst. Cboe Global Markets Inc. has said it will start trading bitcoin futures on Dec. 10, while CME Group Inc.’s contracts are set to debut on Dec. 18. Nasdaq Inc. is planning to offer futures in 2018, according to a person familiar with the matter. Cantor Fitzgerald LP’s Cantor Exchange is creating a bitcoin derivative, and startup LedgerX already offers options.

 

Short URL : https://goo.gl/16NUeD
  1. https://goo.gl/og8oxT
  • https://goo.gl/VG2b7D
  • https://goo.gl/3Anq9Q
  • https://goo.gl/91o1ye
  • https://goo.gl/Rk7n44

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...
BoK Hints at Rate Increase
Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus