Bitcoin is closing in on $13,000, in what is set to be another milestone in the cryptocurrency’s meteoric rise.
The price of Bitcoin pushed past $12,000 overnight, and was trading upwards of $12,700 by midday, according to CoinDesk’s Bitcoin Price Index, prompting further concerns over potentially volatile price movements.
A number of institutional investors say they are still avoiding Bitcoin, after seeing it rise around 1,100% since the start of the year, the Independent.ie reported.
US regulators have given the green light for three American exchanges to offer futures trading in the cryptocurrency, including the Chicago Mercantile Exchange (CME), as well as the CBOE Futures Exchange (CFE).
