Bitcoin blows past $13000 for the first time

Чому дорожчає биткоин і що думають про криптовалютах в Україн

Bitcoin Hits Fresh Record, $13000 in Sight

Bitcoin climbed above $13,000 Wednesday afternoon after topping $12,000 Tuesday night. The digital currency was at $11,838.82 at Coindesk, but near the highs of the day.

However, as futures will allow investors to straddle both sides of the cryptocurrency market, according to Hagen, they "could have an impact on volatility", possibly decreasing it, Hagen said.

Elsewhere in cryptocurrency trading, was last at $1,401.30, while was at $262.38.

Finance experts and investors are curious to know how bitcoin would actually fare in the coming year.

Bitcoin is up an eye-popping 1,180% year-to-date.

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With Wednesday morning's spike, bitcoin now has a total market value of about $213 billion - more than twice Goldman Sachs' market cap. "It may be that we want speed up our use of these kinds of thing in this country, but that makes it all the more important that we don't have a regulatory lag". A very recent article on the issue can be found in Ars Technica.

Yet many elements of the financial world have embraced the new crypto asset class: Major exchanges like the CME and CBOE have helped legitimize the currency's investment credentials by saying they plan to introduce futures contracts to their respective exchanges.

While others have already opened bitcoin futures, Ally is focused specifically on the CME offering, Hagen said. We had mentioned a couple of days back that the break through this region would only be a matter of time.

Ally Invest's support of bitcoin futures is slated to go live on its platform on December 18.

As expected, the bitcoin prices have just broken through the $12,000 region as of this writing and continue to move higher through towards the $12,200.

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