The Bitcoin hit a new high to hit a new all-time high at $ 13,000 today, with a market value of about $ 218 billion, according to data from CoinmarketCap. Reaching $ 13,032 at 13:49:12 UTC. The price then dropped to $ 12,972.10 at 14:54:12 UTC UTC. Bitcoin has risen 7.66% over the past 24 hours and nearly 20% over the past seven days. While the volume of trading in the trading platform "Bitfinex", which was around $ 612.323 million in the last 24 hours.
Futures coming more profits
The rise in Bitcoin was supported by the planned release of structured futures, which indicates the institutional investment flow in the Bitcoin currency and perhaps in other digital currencies. Where alternative digital currencies took advantage of the Bitcoin gains.
While Cboe, one of the world's largest companies, announced on Sunday that its CFE platform plans to offer futures trading at 5 pm on Sunday, 10 December 2017. On Monday, December 11, the first full day of trading, trading will be free during the month of December. Futures will also be listed on the CFE platform under the symbol "XBT". As a result, Cboe will become the first trading platform in the United States to support the trading of futures products derived from the digital currency. The contracts will be paid in cash, and the price will be based on the daily auction price of Gemini, a New York-based Bitcoin trading platform. In addition, the company will waive the trading fees for these products during December.
"CFE" platform steals the spotlight from the "CME"
CFE's move was clearly aimed at stealing the spotlight from the Chicago Mercantile Exchange (CME), which announced on Friday that it would list future Bitcoin contracts on Dec. 18. Terry Davy, chairman and CEO of CME, said earlier that his company had received approval from the Commodity Futures Trading Commission (CFTC) to include Futures contracts and provide infrastructure for Bitcoin options, derivatives and futures. As a result, JPMorgan's global strategist predicted last week that the introduction of Futures contracts would legitimize the digital currency for both institutional and retail investors, which would turn digital currencies into an "emerging asset class".
Following the launch of these products, many analysts believe that the Securities and Exchange Commission (SEC) will grant approval to the ETF, which invests in futures contracts, which turns the Bitcoin into a major financial instrument and portfolio assets