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  • Bitcoin broke above $12,000 in a record high.
  • The rise comes amid the Cboe’s plan to offer trading in
    bitcoin futures.

Another day, another surge in value for the world’s biggest
cryptocurrency.

Prices have rocketed to a record high this afternoon,
as the Cboe exchange prepares to launch Bitcoin futures on
Monday.

Here’s the five-minute price action on the Kraken exchange, via
investing.com:


Screen Shot 2017 12 05 at 9.17.31 PMInvesting.com

John Spallanzani, chief macro strategist at CFI Group, told
Business Insider trading activity in Asia was the catalyst for
the new milestone.

“Bitcoin continues to have a strong bid during Asia trading as
emerging market currencies are being sold to buy, pushing us
above another milestone,” Spallanzani said in a Twitter direct
message.

And in the wake of the latest price increases, Didi Taihuttu —
the Dutch national who sold everything to buy Bitcoin —
is feeling pretty good about his decision.

Price moves have been less pronounced among the other major
cryptocurrencies, although IOTA coin continues to push higher in
afternoon trade — it’s now up by around 250% over the past week.

Get the latest Bitcoin price here.>>

Read the original article on Business Insider Australia. Copyright 2017. Follow Business Insider Australia on Twitter.



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