Bitcoin is Continuing to Smash Records as it Surges Past $11,000

It seems that every time you blink bitcoin is achieving new record highs, and today marks the rise of yet another all-time high as it scales past $11,000.

At the time of publishing, the number one digital currency is trading at an historic $11,110, according to CoinMarketCap, pushing its market total to $185.6 billion. Over the past seven days it has increased by 34.60 percent.

This parabolic rise in value is due to increasing interest from Wall Street investors in the market. Next month will see the launch of CME Group’s bitcoin futures contracts, enabling traders to bet on the price of the digital currency. JPMorgan Chase has also indicated that it is considering helping its clients with this too, by providing them access to CME’s futures, should it launch.

With heightened interest in the crypto market, Mike Novogratz, billionaire investor and hedge fund manager, thinks that it could ‘easily‘ reach $40,000 by the end of 2018. However, at a recent conference in New York, he said that getting to that figure would not be smooth…

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