None of the bad news and adverse comments about bitcoin seemed to matter to the bitcoin bulls and speculators who were intent on pushing the prices higher and during the course of this period, they managed to achieve the coveted target of $10,000 which was a huge psychological mark which numerous investors and traders would have had in their mind some months back. The regulatory process used is called self-certification. CBOE said Monday that trading will open at 5 p.m. on Sunday, Dec. 10, with Dec. 11 as the first full day of trading. This memorandum is considered advertising under applicable state laws.
On the US -based Bitfinex exchange, fell to $11,131, down $31, or 0.28% after hitting an all-time high of $11,843 earlier in the session. But the cryptocurrency could be poised to become a friend to institutional investors, with one of the largest derivatives exchanges in the world, CME Group, planning to launch bitcoin futures before the end of the year.
Bitcoin's rapid rise from less than US$800 in December past year to more than US$11,000 this week on Coindesk has stoked fears that it is a pricing bubble that could leave recent investors worse-off. "We are committed to encouraging fairness and liquidity in bitcoin markets". The first bitcoin futures contracts on a regulated US exchange are set to launch on Sunday. Several media outlets have suggested that the Nasdaq Stock Market will also soon begin trading futures of the digital currency, but the exchange has not yet confirmed that.
The announcement from the Commodity Futures Trading Commission (CFTC) that it will allow the futures to be traded was seen as a watershed moment for the currency.