Bitcoin: $7000 mark exceeded

At the number of Korean cryptocurrency exchanges first cryptocurrency is being traded over $7k
02 November 2017   2182

Bitcoin continues its significant growth, by reaching another all time height.

Bitcoin price chart
Bitcoin price chart

At the moment of press, these are average parameters:

  • Price $6990.35
  • Market cap $116,455,211,549 
  • 24h volume $3,550,650,000

But at the number of cryptocurrency exchanges, Bitcoin is being traded over $7000. Among them:

  • Bithumb $7297.57
  • GDAX $7009.99
  • Coinone $7299.82
  • Korbit $7305.66
  • Bittrex $7095.44

Background

Let’s try to figure out, what are the background on these new price hights of Bitcoin. There wasn't any big news from yesterday, so, these news can still have affect:

  • 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.

Franck Muller to Create Encrypto Bitcoin Watch

A limited line of watches (up to 500 units of male and female models) priced from $ 10 to $ 60 thousand
23 May 2019   82

The Swiss luxury watch maker Franck Muller, in partnership with the cryptocurrency trading platform Regal Assets, launched Encrypto, the world's first functional bitcoin watch. This is reported by the Coindesk.

The main feature of Encrypto will be the possibility of "deep storage" of Bitcoin. So, along with the watch, customers will receive a USB wallet containing a private key to the wallet, the public key is applied to the watch face.

A limited line of watches (up to 500 units of male and female models) priced from $ 10 to $ 60 thousand is also available in the online store of Franck Muller, as well as in the company store in Dubai. Along with traditional credit card and bank transfer, you can buy them for Bitcoins.

The company also reported that they are considering the possibility of issuing such watches with the support of other leading cryptocurrencies, including Ethereum and XRP.

In the beginning of the year it became known that the Swiss watch manufacturer A. Favre & Fils is developing a handmade mechanical watch with a built-in cryptocurrency wallet.