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Bitcoin futures race higher in volatile launch, dollar steady

From reuters.com

Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday’s Asian session on expectations the Federal Reserve will stick to its tightening path.The most-traded contract on the Chicago-based CBOE Global Markets exchange XBTc1 opened at $15,460, then leapt to a high of $16,660 and was last quoted at $16,050, a more than $1,000 premium to the price on the Luxembourg-based Bitstamp. BTC=BTSP The cryptocurrency has skyrocketed to a record high this year, making a gravity-defying 15-fold gain since the start of the year and ... (full story)

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  • Category: Fundamental Analysis