Bitcoin Goes Parabolic, Blows Past $14,000 to Post $2,500 Single Day Gain

Today Bitcoin surged past the $14,000 level, topping out at $14,400 for a $2,500 gain in a single day. This makes today the largest one-day gain in the history of the currency. To put it in perspective, today Bitcoin’s price increased by more twice as much as it’s 2013 all-time high of $1,100. A single Bitcoin can now buy more than 11 ounces of pure gold.

It’s about the futures, baby

The price is likely being driven by news of the imminent launch of Bitcoin futures trading. CBOE will be launching their futures market this coming Sunday, December 10, with CME Group following on December 18. Nasdaq plans to launch futures trading in the summer of 2018 and Japan’s Tokyo Financial Exchange is preparing to launch futures trading as well…

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