Bitcoin markets are rallying once again breaking new price records after recently exceeding the US$12K zone. On December 6, 2017, at approximately 2:30 pm EDT, one bitcoin is now valued at a global weighted average of over $13,000 across many popular trading platforms. The milestone comes just days before the upcoming derivatives products set to be launched by the Chicago Board Options Exchange (Cboe) and CME Group.
Bitcoin Crosses $13K Per BTC Across Global Exchanges
Bitcoin is on fire, and it continues to gain in value every single month this year, achieving more than 1100 percent in value during 2017. The decentralized currency has been one of the most topical conversations lately regarding finance, money, and investment vehicles. The price has astonished the mainstream media and many news outlets, and television shows across the world are reporting on the bitcoin phenomenon.
In these reports, journalists and reporters detail how bitcoin is becoming the world’s “digital gold” and explain how the currency has outpaced nearly every government issued currency, stock, and commodity traded on earth. Over the past few weeks, many speculators believe the price is being pushed by institutional money coming-in with all the futures products scheduled.
“We see a price drive based on the upcoming futures contracts,” explains Jeff Koyen, strategic advisor to 360 Blockchain Inc. in an interview with Forbes. “There’s a lot of new money coming in, looking Read More Here