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Bitcoin Futures Surge In First Day Of Trading (npr.org)

On their first day of trading, bitcoin futures surged past $18,000, adding to a streak for the digital currency that began the year at just $1,000 and has nearly tripled in value over the past month alone. From a report: Reuters reports that bitcoin futures, traded through the Chicago Board Options Exchange (CBOE), saw January contracts, which opened at $15,460 in New York on Sunday evening, leap to a high of $17,170 during Asian hours. Trading, which began at 6 p.m. ET (5 p.m. CT), was so intense that halts designed to cool volatility were triggered twice on the CBOE. The halts are "not surprising based on the volatility of the underlying [asset]. The futures are behaving as expected and designed," Tom Lehrkinder, senior analyst at consulting firm Tabb Group, was quoted by CNBC as saying.

3 of 64 comments (clear)

  1. It's a trap! by gweihir · · Score: 2, Insightful

    At this time, anybody that still has BC is just trying to quietly get rid of them before the big crash. Hence they need lots of fools to buy.

    --
    Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
  2. nomorebitcoinstories by hackertourist · · Score: 4, Insightful

    Slashdot: News about bitcoin. Stuff that's boring.
    You can copy and paste the comments from the last 100 BTC stories verbatim, there's nothing new to say at this point.

  3. Re:Bubbles gonna pop by grnbrg · · Score: 3, Insightful

    I'm laughing all the way to the bank.