Bitcoin blows past $13,000 for the first time
MI
- Bitcoin, the scorching-hot cryptocurrency, broke through $13,000 a coin for the first time Wednesday.
- The new milestone comes less than a day after it hit $12,000.
- The price of bitcoin is up more than 1,180% year-to-date, according to data from Markets Insider.
Bitcoin, the red-hot cryptocurrency, continued its jaw-dropping tear Wednesday, soaring above $13,000 per coin for the first time.
The new high comes less than a day after it broke through $12,000, which it did Tuesday evening in New York, according to data from Markets Insider. By 2:40 p.m. ET, bitcoin was trading as high as $13,118 a coin.
The new milestone comes ahead of the launch of bitcoin futures contracts by two major US exchanges. Cboe Global Markets, the Chicago-based options and derivatives exchange, is rolling out its bitcoin futures product Sunday. Its rival, CME Group, is launching its product later in December. Bitcoin futures, which will allow investors to bet on the future price of the digital coin, are a sign of the eight-year-old coin's maturation.
Bitcoin is up an eye-popping 1,180% year-to-date.
Get the latest Bitcoin price here.>>
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Things to do in Goa in monsoon to make the most out of your trip
- Healthy choices for summer: 7 soups to support your weight loss goals
- India's pharma exports rise 10% to $27.9 bn in FY24
- Indian IT sector staring at 2nd straight year of muted revenue growth: Crisil
- Shubman Gill to play 100th IPL game as Gujarat locks horns with Delhi today