Bitcoin Surges Past $9,000 as Euphoria Reaches a Fever Pitch
(Bloomberg) — surged past $9,000 for the first time, just six days after topping $8,000 and taking its year-to-date rise to more than 850 percent.
The price of the largest cryptocurrency by market value is soaring as it gains greater mainstream attention despite warnings of an asset bubble. Everyone from Wall Street executives to venture capitalists has been weighing in with their thoughts on the digital currency, with some more skeptical than others.
Bitcoin climbed as high as a record $9,518 before paring gains, according to composite pricing available on Bloomberg.
In another move towards mainstream investing, CME Group Inc. (NASDAQ:) has said it plans to start offering futures contracts for bitcoin, which could begin trading in December.
The total market cap of digital currencies now sits north of $290 billion, according to Coinmarketcap.com’s website.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.