It was just only a week back Bitcoin price surged past $11,000 for the first time and within few days it touches another milestone. Bitcoin’s price blasts past $12,000 and is $12,399.00 at the time of writing this article.
This rapid price rise could be because of planned launch of BTC futures this weekend. Bitcoin price has almost doubled since price drop on November 12th. The price rise can also be contributed to institutional demand.
The CBOE Futures Exchange surprised the cryptocurrency community earlier this week after it announced their plans to begin offering Bitcoin futures on Sunday.