Bitcoin Futures Opening ‘Orderly’, Start With a Bang, Move Above $18K

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11 December, 2017

Bitcoin Futures Opening ‘Orderly’, Start With a Bang, Move Above $18K

Bitcoin's debut on a major U.S. exchange Monday resulted in an 18 percent rise. The futures contract that expires in January surged $2,730 to $18,190 during the morning hours on the Chicago Board Options Exchange.

Now accepting most crypto-currencies

The Chicago Mercantile Exchange will begin trading its own futures on Dec. 18 utilizing a composite of several bitcoin prices across a handful of exchanges.

The price of a bitcoin started the year priced below $1,000, hitting a peak of more than $16,858 Dec. 7 on the bitcoin exchange Coindesk. As of 10:15 a.m. CST, it was at $16,510 on Coindesk.

Scott Bauer of Trading Advantage discusses the debut trade of Bitcoin futures. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak Americas."

Aaron Brown, former managing director and head of financial market research at AQR Capital Management, explains what bitcoin means to the tech startup market and examines the debut of bitcoin futures. He speaks on "Bloomberg Daybreak: Americas."

- Aaron Goldstein, Gambling911.com

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