Bitcoin Reaches New All-Time High

On Friday, 12/8/2017, Bitcoin reached a new all-time high price of $19,000. Increasing a staggering $6,000 in one day or 50% before slightly correcting back to the to $15,000 – $17,000 price range. Bitcoin continues to rise and does not show any signs of declination in the near future. Additionally, Bitcoin also has hit the quarter trillion market cap. In some Asian dominant markets, such as Korea, Bitcoin has surpassed the value in the US market. We have seen a trend of new records with Bitcoin, and we have a feeling that this is only the beginning. We look forward to analyzing what the launch of Bitcoin futures will have on the price of Bitcoin. The first Bitcoin futures is set to launch on Sunday, 12/10/17, at 6:00 p.m. EST on the Cboe Futures Exchange.

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