A Rival Bitcoin Was Just Created From Within
In an effort to improve on bitcoin's transaction speed, a group has now created a new cryptocurrency — "bitcoin cash" — using bitcoin's data.LEARN MORE
The cryptocurrency showed strong numbers Wednesday morning.
Bitcoin surged above $12,000 Wednesday, breaking its own record a week after setting it.
Bitcoin hit the new record high as CBOE Global Markets and CME Group Inc. announced plans to trade Bitcoin futures starting in mid-December. The Nasdaq also reportedly plans to introduce Bitcoin futures in 2018.
The cryptocurrency started the year under $1,000, and it's still pretty volatile. On Wednesday last week, Bitcoin hit a then-all-time high of over $11,000 before dropping to around $9,000 on Thursday.
Bitcoin has been criticized by some experts who call it a dangerous bubble. Still, it's clearly picking up some traction.
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