Bitcoin Touches Fresh Record, $12,000 in Sight – The price of the digital currency bitcoin touched fresh record highs on Tuesday just shy of $11,850, after rallying from less than $1,000 at the start of the year.

On the U.S.-based Bitfinex exchange, was at $11,620.00 by 06:28 AM ET (11:28 GMT) after peaking at $11,842.00, the highest level in its nine-year history.

Bitcoin’s gains capped a surge of around 30% since Thursday, when prices fell to a low of near $9000 after tumbling more than 20% from the previous weekend’s high.

Bitcoin, which is known for wild swings, has tended to rebound quickly from pullbacks.

Prices have rallied ahead of the start of bitcoin futures trading this month, a potentially major step in the evolution of the digital currency.

Cboe Global Markets said Monday it is launching futures trading in the cryptocurrency beginning December 10.

The announcement came after CME Group (NASDAQ:), the world’s largest derivative exchange operator, said its bitcoin futures would launch December 18…

Read Full: Bitcoin Touches Fresh Record, $12,000 in Sight