Bitcoin Price Surpasses $19,600 and is Up 9%, Rapidly Surging Towards $20,000

By eth | December 17, 2017

Bitcoin Price Surpasses

Bitcoin Price Surpasses

Bitcoin Price Surpasses

The bitcoin price has surpassed the $19,600 mark and is rapidly surging towards $20,000. The market has demonstrated optimism towards CME’s bitcoin futures listing tomorrow, on December 17. CME’s Bitcoin Futures Listing on December 18 The global finance industry and bitcoin market are highly anticipating the launch of CME Group’s bitcoin futures on December 18,

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Because of this, the leading virtual currency’s market capitalization (cap) has also swelled to a new record high of $305 bln, surpassing that of payments technology firm Visa, whose market cap is currently pegged at $254.74 bln.

In his tweet, Pension Partners Director of Research Charlie Bilello said that Bitcoin’s cap has already surpassed that of Visa’s. Visa is currently the biggest electronic payment processor in the world with a revenue of $8.9 tln and 141 bln transactions annually.

Bitcoin Price Surpasses continuous growth and adoption

With its continuous phenomenal rise in the past few days, a growing number of people are paying increased attention to Bitcoin. Due to its constantly changing price increases, it has already become hard to keep monitoring the price of the cryptocurrency. It seems that in just a split second, the price crashes through another milestone to post yet another record high.

Majority of the players in the industry also agree that the upward trajectory of Bitcoin’s price will continue in the near future.

Bitcoin Price Surpasses

Because of Bitcoin’s phenomenal growth, major players in the financial industry are slowly turning to the virtual currency to benefit from its popularity. Among the players are the Chicago Board Options Exchange (CBOE) and the CME Group, which already announced that they will be separately launching Bitcoin futures products within the next few weeks. These moves are expected to further propel Bitcoin’s price to new record highs.