You are here: Home » Reuters » News
Business Standard

Bitcoin zooms above $13,000 to record high on relentless demand

Reuters  |  TOKYO/NEW YORK 

By Shinichi Saoshiro and Saqib Iqbal AhmedTOKYO/NEW YORK (Reuters) - Bitcoin extended its rally on Wednesday, breaking above $13,000 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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 07 2017. 02:34 IST