Bitcoin Hits Record $12000 As Futures Trading Looms – Investor's Business Daily

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Bitcoin rose above $12,000 by some measures Tuesday evening, as trading in the cryptocurrency is set to kick off this weekend at CBOE (CBOE), quickly followed by CME Group (CME).

X Bitcoin traded at $12,035.30 at Coinmarketcap, clearing $12,000 for the first time ever. The digital currency was at $11,838.82 at Coindesk, but near the highs of the day.

CBOE Global Markets said this week that it will launch Bitcoin futures on Sunday. That’s getting a jump on CME, which already set a Dec. 18 kickoff date.

TD Ameritrade (AMTD) and Ally Financial (ALLY) will let customer trade Bitcoin futures contracts, Bloomberg reported.

Bitcoin investment vehicle Bitcoin Investment Trust (GBTC) tumbled 13.8% during the stock market today. Bitcoin Investment Trust has been trading at a premium to the sky-high Bitcoin, according to some analysts.

IBD’S TAKEAre Bitcoin, Ethereum and other digital currencies real investments or a speculator’s game? Individual investors should be extremely cautious about diving into this new area. Read this feature about Bitcoin risks and possible gains first.


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