The celebration is in full swing as Bitcoin continues its upward momentum, reaching a new all-time high as it smashes through the $13,000 mark. This latest milestone comes less than a day after the digital currency hit $12,000 for the first time ever.
As of this writing, Bitcoin is currently trading at $13,128, a gain of over 13% in less than 24 hours. The current trading volume during this period is just over $9.7 billion and with a market cap of over $217 billion, Bitcoin is now worth more than 97% of S&P 500 companies, including Visa, Walmart, Coca Cola, Disney, and IBM.
The price of Bitcoin has been steadily increasing over the past several weeks, with industry experts saying that the trend is likely to continue in coming days. This latest price surge comes at a watershed moment in Bitcoin’s history, as it is seeing a marked increase in both interest and acceptance, especially in the financial sector.
The Party Ain’t Over Yet, Folks
On October 31, 2017, CME Group announced that it would be launching Bitcoin futures trading before the end of the year pending regulatory approval, which they received earlier this month. CBOE, TD Ameritrade, and Ally Invest will also be …
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