Bitcoin: $6700 almost reached

Let's figure out what stands behind these new Bitcoin price maximum
01 November 2017   1523

Bitcoin price

First cryptocurrency continues its rapid growth. At the moment of press, it is being traded on Bithumb exchange for $6682.31 average.

Bithumb Bitcoin Buy/Sell Orders
Bithumb Bitcoin Buy/Sell Orders

Average price is $6538.17 with almost $108B marketcap.

Bitcoin Charts
Bitcoin Charts

Background

Let's try to figure out, what are the background on these new price hights of Bitcoin.

CME to launch Bitcoin futures contract
World’s largest derivatives exchange, CME Group, is to launch Bitcoin futures by the end of the year. Assuming regulators grant CME’s application, the exchange will become the second U.S. regulated exchange to offer Bitcoin derivatives to institutional traders.

Bloomberg says "Bitcoin is going legit, for better or worse."
This is unexpected move by one of the two leading providers of financial information for professional participants in financial markets.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   146

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.