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IPFS News Link • Bitcoin

Bitcoin surges after launch of futures exchange

• nypost.com by Kevin Dugan

The price skyrocketed by more than $1,200 after the 6 p.m. opening of the first futures exchange, to $15,732, by 6:06 p.m., from $14,509, according to Coindesk, a price tracker.

Meanwhile, bitcoin futures on the new Cboe exchange climbed as high as $16,780, albeit on low volume.

The eye-popping surge comes after chatter among bitcoin investors that "whales," or people who own large amounts of the asset, were going to squeeze any short traders in order to "send a message," said Marc van der Chijs, managing partner at Cross Pacific Capital.


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