[2017-12-11] Bitcoin Price: Hitting $17,000 After CBOE’s Futures Launch

[Vladdirescu87]

Some might think Monday is a tough day, but not for Bitcoin, as it has broken through a new all-time high of $17,000.

The Chicago Board Options Exchange ( CBOE) finally launched its bitcoin futures trading platform which caused the price to skyrocket by 20% overnight. The highest price at CoinMarketCap amounted to $17,102. However, sometime after, we have seen a pullback to about $16,800.

You can read the experts' opinions here: https://coinidol.com/bitcoin-price-hitting-after-cboe-futures-launch/

[CryptoHarry]

So, bitcoin is finally recovering because i saw bitcoin selling $18,000+ last week.

[CryptoBry]

So, bitcoin is finally recovering because i saw bitcoin selling $18,000+ last week.

Bitcoin is a roller-coaster ride with its magnificent ups and downs. Nothing surprising, really and in fact we should be surprised if Bitcoin would stay put in a certain level for long. In other words, Bitcoin is very volatile and this can be the dreamed tool for many traders and can be a little nightmare for some merchants. We should be hoping that the recently launched (and there would be more) Bitcoin Futures of CBOE can signal a new era for Bitcoin where growth is not stifled but instead enhanced.

[Urbanbypas]

Hopes for a decrease in volatility from trading on the exchange are not justified. The price of bitcoin continues to change drastically.