Any guesses as to what is currently driving the whole world crazy?? Youre right, its Bitcoin! This week has been a marathon run in the price of this most valued cryptocurrency with a jump of almost 10-15% in past four days itself. Bitcoin has once again touched a new high above $7000. As per coinmarketcap.com, Bitcoin is currently trading at $7026.47 with a more than staggering $3.5B trade volume in past 24-hours. Now Bitcoin itself contributes a $117B in valuations in the $189B market cap of cryptocurrencies.
One of the major news that has fueled this unprecedented rally is the fact that two major exchanges from U.S. have announced starting the Bitcoin Futures Contracts. CME Group Inc. worlds largest futures market operator has said that it will soon start cash-settled Bitcoin futures contract by the year-end and is currently waiting for an approval from the U.S. Commodity Futures Trading Commission. Just a few months back, the CME Group has rejected any such plans but now says that it had to reconsider its decision owing to huge client demands. All the cash settled Bitcoin futures contract will be based on the CME CF Bitcoin Reference Rate* (BRR).
https://www.coinspeaker.com/2017/11/02/bitcoin-price-climbs-7000-first-time-ever/