Bitcoin Not Currency, Never Will Be, or maybe yes ?
It would appear that 2017 could be fairly called the Year of Bitcoin. The most popular and thus valuable cryptocurrency has been breaking record after record this year. On 8 November, 1 BTC was trading somewhere around $7,700; at the beginning of the year it was worth about $960). Crazy.
However, due to the fork that did not happen (and the Bitcoin community was rather looking forward to it, as the intended development should have increased the speed of transactions), the market reacted harshly. Bitcoin quickly lost quite a chunk of its value. At one point in time, it was as low as $5,600, but at press time had rebounded to $7,200. Hence, it is growing. Again.
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.
$7,200?! Where Can I get it at that price? I’ll take 10!
thanks for info brother