Weekly Price Analysis: Bitcoin Scaled New Price Heights After CME Group’s Announcement

Weekly Price Analysis: Bitcoin Scaled New Price Heights After CME Group’s Announcement

Bitcoin is scaling new price heights. On October 31, 2017, CME Group — the world’s largest regulated derivatives exchange — announced its plans to launch bitcoin futures contracts. It is the first licensed U.S. trading platform to accept cryptocurrency. This was precisely the reason for Bitcoin’s price to sky-rocket to the value of $6,619 – the highest value ever! However, there was more to come. Bitcoin has been becoming more and more expensive during the week, reaching another highest level – $7,449 on November 3! Moreover, as the SegWit fork is coming, the price is expected to increase to […]