The most famous cryptocurrency in the world, of course, Bitcoin continues its upward rally.
Its defenders applaud its traceability and critics argue that it is a route for money laundering and fraud.
If you remember, in the month of September, Bitcoin the digital currency suffered a significant fall.
Almost 40% in just two weeks, from about $5,000 to around $3,000.
A few days ago, the value of bitcoin broke the record of six thousand dollars.
This time, it surpassed the US $7400 level in several foreign exchange offices.
AtCoinDesk, bitcoin peaked at $7,426.
At the moment, it retreated to $7,418.93.
This pushed the market value of this cryptocurrency to $120 billion.
What caused this sudden high?
CME announced on Tuesday 31st that it plans to launch bitcoin futures in the fourth quarter after regulatory approval.
This may bring more institutional investors to the market, with billions of dollars worth of equity.
The price of this well-known cryptocurrency has increased 600% since the beginning of the year.
Cryptocurrencies are no stranger to fluctuations in prices.
So, what do you think about this?
Share your views and thoughts in the comment section below.
