Bitcoin started the week on a bearish note as it edged lower by 2.12 percent to trade at $5,764.9 from its recent session high of $6,020. Bitcoin gold, the newly created cryptocurrency, fell by more than 80 percent to an all-time high of $108.30 on Monday. According to cryptocurrency experts, “Bitcoin gold was created to solve the problem of mining monopolies that dominate the bitcoin network.” Bitcoin cash traded at $453.30, up 0.07 percent while Ethereum gained 0.68 percent to $306.46 on the first day of this week.
CME Group Inc., the world’s largest exchange said on Tuesday that it plans to introduce bitcoin futures by the end of the year. Bitcoin immediately edged up in value after this announcement and continues to remain in the limelight as markets lay eyes on cryptocurrencies. On Thursday, the cryptocurrency hit an all-time record high of $7,000 and it is now on track for the fifth consecutive quarter of increases. This price move took bitcoin’s market cap to more than $122 billion, according to industry website ‘Coinmarketcap.’
source: Investing.com, CNBC
Let’s have a look at the trend of Bitcoin this week:
|October – November 2017||USD: 1 BTC|
Things to watch on the market
Bitcoin is making its place on the global markets and continues to surge to new heights. Trading on this cryptocurrency could be a wise choice.
Assets such as BTC/Gold and Bitcoin cash are available for trade with the FX/CFD tool.