Bitcoin rallies above $12,000 to record maximum on relentless demand

Bitcoin rallies above $12,000 to record maximum on relentless demand

On Wednesday, Bitcoin managed to extend its eye-popping rally, jumping above $12,000 to a record maximum notwithstanding questions about the cryptocurrency's real value as well as worries about a dangerous bubble.

Bitcoin got a powerful boost after Friday's announcement by the major American derivatives regulator that it would permit CME Group Inc as well as CBOE Global Markets to have bitcoin futures contracts listed.

The given move actually opens the door to added regulation and also more mainstream adoption because bitcoin futures along with other derivatives would simplify trading the new asset class.

Bitcoin's shocking leap over 10-fold from $1,000 at the start of 2017 has generated regulatory scrutiny around the globe.

Moreover, some high profile individuals, including Nobel Prize-winning economist Joseph Stiglitz have told that the cryptocurrency needs to be immediately forbidden.

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera