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12-11-2017, 08:44 PM
Bitcoin price surges to almost $17,000 as trading begins on ‘futures’ exchange
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In what many see as the first true test for Bitcoin's price, one of the world's largest future exchanges, CBOE, has launched a Bitcoin futures (http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=vanity-url&utm_source=na) product on Sunday.*
The result, so far, is good for Bitcoin: The price is at $16,939 according to CoinMarketCap (https://coinmarketcap.com/currencies/bitcoin/#charts), up roughly 23% in the last 24 hours. The market cap of Bitcoin is currently $283 billion.*
SEE ALSO: This was Bitcoin's big year, but where does it go from here? (http://mashable.com/2017/12/05/bitcoin-2018/)
Shortly after launch, the exchange's site went down under heavy traffic. According to CBOE, more than 800 Bitcoin futures contracts were traded in the first 2 hours of trading.*
Cboe #BitcoinFutures (https://twitter.com/hashtag/BitcoinFutures?src=hash&ref_src=twsrc%5Etfw) $XBT (https://twitter.com/search?q=%24XBT&src=ctag&ref_src=twsrc%5Etfw) trades over 800 contracts in the first 2 hours post launch #bitcoin (https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw) @GeminiDotCom (https://twitter.com/GeminiDotCom?ref_src=twsrc%5Etfw) https://t.co/kHiZo8DR9m] pic.twitter.com/oCCxRZcPnC (https://t.co/oCCxRZcPnC)
— Cboe (@CBOE) December 11, 2017 (https://twitter.com/CBOE/status/940028769619685377?ref_src=twsrc%5Etfw) Read more... (http://mashable.com/2017/12/11/bitcoin-futures-live/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin Futures (http://mashable.com/category/bitcoin-futures/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cboe (http://mashable.com/category/cboe/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin Price (http://mashable.com/category/bitcoin-price/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1512994676 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1512994676)
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In what many see as the first true test for Bitcoin's price, one of the world's largest future exchanges, CBOE, has launched a Bitcoin futures (http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures?utm_campaign=bitcoin-futures&utm_medium=vanity-url&utm_source=na) product on Sunday.*
The result, so far, is good for Bitcoin: The price is at $16,939 according to CoinMarketCap (https://coinmarketcap.com/currencies/bitcoin/#charts), up roughly 23% in the last 24 hours. The market cap of Bitcoin is currently $283 billion.*
SEE ALSO: This was Bitcoin's big year, but where does it go from here? (http://mashable.com/2017/12/05/bitcoin-2018/)
Shortly after launch, the exchange's site went down under heavy traffic. According to CBOE, more than 800 Bitcoin futures contracts were traded in the first 2 hours of trading.*
Cboe #BitcoinFutures (https://twitter.com/hashtag/BitcoinFutures?src=hash&ref_src=twsrc%5Etfw) $XBT (https://twitter.com/search?q=%24XBT&src=ctag&ref_src=twsrc%5Etfw) trades over 800 contracts in the first 2 hours post launch #bitcoin (https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw) @GeminiDotCom (https://twitter.com/GeminiDotCom?ref_src=twsrc%5Etfw) https://t.co/kHiZo8DR9m] pic.twitter.com/oCCxRZcPnC (https://t.co/oCCxRZcPnC)
— Cboe (@CBOE) December 11, 2017 (https://twitter.com/CBOE/status/940028769619685377?ref_src=twsrc%5Etfw) Read more... (http://mashable.com/2017/12/11/bitcoin-futures-live/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin Futures (http://mashable.com/category/bitcoin-futures/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cboe (http://mashable.com/category/cboe/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin Price (http://mashable.com/category/bitcoin-price/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1512994676 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1512994676)
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