You are here: Home » Finance » Money & Forex Markets » News
Business Standard

$12,000 and rising: Bitcoin surges to all time high on relentless demand

The move opens the door to added regulation but also more mainstream adoption, as bitcoin futures and other derivatives would make it easier to trade the new asset class

Reuters  |  TOKYO 

Bitcoin extended its eye-popping rally on Wednesday, breaking above $12,000 to a record high despite questions about the cryptocurrency's real value and worries about a dangerous bubble. Bitcoin received a boost after Friday's announcement by the main U.S. derivatives regulator that it would allow CME Group Inc and CBOE Global Markets to list bitcoin futures contracts. The move opens the door to added regulation but also more mainstream adoption, as bitcoin futures and other derivatives would make it easier to trade the new asset class. Bitcoin's meteoric ascent ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 06 2017. 11:53 IST
RECOMMENDED FOR YOU