BITCOIN CRACKS $9,600 JUST HOURS AFTER BREAKING $9,000 LEVEL
The cryptocurrency jumped to an all-time high of $9,671.84 hours after cracking the $9,400
level on Sunday, according to industry site CoinDesk. It later pared some gains to trade at
$9,631.21 at 10:00 a.m. HK/SIN, rising some 3.27 percent on the day.
"The move appears to be retail driven," said Brian Kelly, a CNBC contributor and CEO of
BKCM, which runs a digital assets strategy.
The largest bitcoin exchange in the U.S., Coinbase, added about 100,000 accounts between
Wednesday and Friday — just around Thursday's Thanksgiving holiday — to a total of 13.1
million. That's according to public data available on Coinbase's website and historical records
compiled by Alistair Milne, co-founder and chief investment officer of Altana Digital Currency
Fund. Coinbase had about 4.9 million users last November, Milne's data showed.
The surge in interest also comes on the back of CME's announcement that it will list bitcoin
futures in the second week of December. The launch of a derivatives product for the digital
currency will mark another step in establishing bitcoin as a legitimate asset class.