$ 10,000 in sight for bitcoin as it reaches a new record


LONDON (Reuters) – The rapid rise of Bitcoin showed no signs of stopping Monday, with the cryptocurrency increasing to another record only a small percentage of the $ 10,000 after having gained more than a fifth in value in recent years. three days.

A bitcoin sign is seen during Riga Comm 2017, a business innovation and technology fair in Riga, Latvia, on November 9, 2017. REUTERS / Ints Kalnins

The digital currency has seen a ten times dizzying increase in Its value since the beginning of the year, and has more than doubled its value since early October.

BTC = BTSP rose 4.5 percent on the day on Monday to trade at $ 9,687 in the Bitstamp exchange based in Luxembourg.

The price of Bitcoin has been helped in recent months by the announcement that CME Group, the world's largest derivatives exchange operator, would start offering bitcoin futures. The company said last week that futures would be launched before the end of the year, although no precise date had been set.

"$ 10k is at stake and Bitcoin seems to be struggling to catch up," said Charles Hayter, founder of Cryptocompare cryptocurrency data badysis website.

"The promises of bitcoin futures that open the door to institutional money are supercharging the price."

Report of Jemima Kelly; Edition by Saikat Chatterjee

Our standards: The principles of trust of Thomson Reuters.
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