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Bitcoin Futures Launch Sees Price Spike as CBOE Website Crashes
The Chicago Board Options Exchange (CBOE)'s website became unavailable just as it launched its first bitcoin futures contracts at 6 p.m. EST on Sunday. The website downtime – which CBOE attributed to significant traffic around the futures launch in a post on Twitter – coincided with a sudden surge in the price of bitcoin, which jumped from $14,509 at 22:59 UTC to $15,732 at 23:06 UTC according to CoinDesk's Bitcoin Price Index (BPI). Yet as of press time, CBOE's website is becoming more available – delayed information about the contracts being offered can be found here – and the price of bitcoin has ... (full story)