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Bitcoin price surges to almost $17,000 as trading begins on ‘futures’ exchange

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In what many see as the first true test for Bitcoin's price, one of the world's largest future exchanges, CBOE, has launched a Bitcoin futures product on Sunday. 


The result, so far, is good for Bitcoin: The price is at $16,939 according to CoinMarketCap, up roughly 23% in the last 24 hours. The market cap of Bitcoin is currently $283 billion. 


SEE ALSO: This was Bitcoin's big year, but where does it go from here?


Shortly after launch, the exchange's site went down under heavy traffic. According to CBOE, more than 800 Bitcoin futures contracts were traded in the first 2 hours of trading. 



Cboe #BitcoinFutures $XBT trades over 800 contracts in the first 2 hours post launch #bitcoin @GeminiDotCom https://t.co/kHiZo8DR9m] pic.twitter.com/oCCxRZcPnC


— Cboe (@CBOE) December 11, 2017 Read more...


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