Bitcoin Futures Opportunities Rally Single-Coin Prices Over $17,000

Investing, News, Regulation | December 11, 2017 By:

Bitcoin futures trading is underway on Wall Street, bringing government regulation and oversight to the cryptocurrency market for the first time. The advent of trading by CBOE and CME Group should give new vigor to trading in the coming weeks, as opportunities expand and perhaps lure more institutional money on board.

Last week’s wild price run-ups, which saw bitcoin briefly touch the $19,000 per single coin mark, have settled down slightly. After a bit of retracing, bitcoin is now back near $17,000.

All of the attention focused on that amazing bull run has brought good news to other segments of the market, particularly the lagging fortunes of Litecoin. It’s now up at $196 after lingering far below, and seems poised for a massive price increase as new investors come online and discover it.

Bitcoin market highlights for the 24 hours ending December 11, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $17,497.00 on the BTCC exchange at 11:24 pm yesterday. BTCC saw $295,806,000 of bitcoin change hands.

The lowest price seen was $14,101.00 on Bitstamp’s exchange at 4:54 pm yesterday. Bitstamp’s 24 hour volume was $267,256,000.

The average price on the surveyed exchanges, as weighed by volume, was $16,073.73.

Volatility was greater than average, with the BlockTribune Volatility Index coming in at 61.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 10 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at least 1% of the total volume of BTC/USD trades during the measurement period.