The price of Bitcoin (BTC) has hit new record highs just above $12,000 and broke above a $200 billion market cap.
At press time, BTC is at $11,802.70 – just below its record of $12,032.00 reached at 13:49:12 UTC. The Bitcoin-U.S. dollar (BTC/USD) exchange rate has appreciated by 3.59 percent in 24 hours. Week-on-week, BTC is up 17.2 percent, while on a monthly basis, it is up 56.68 percent.
The bullish climb is a result of the upcoming Bitcoin futures, that are set to hit the market in less than two weeks. CBOE is planning on launching their futures on the tenth but the futures that most people are highly are anticipating are CME’s futures, that begin on the 18th of this month. As time inches closer to these release dates, most analysts believe that the cryptocurrency will continue to rise.
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