Bitcoin futures finish at break-even level as crypto suffers early bumps in 2018
Bitcoin prices on Wednesday were saw muted action as the No. 1 cryptocurrency failed to extend Tuesday’s modest climb further, and as other rival assets lured away buyers.
The spot price of a single bitcoin
was around $15,100 late Wednesday. That’s little changed, compared with Tuesday, according to CoinDesk, with the asset losing some momentum after The Wall Street Journal reported that venture investor Peter Thiel, who runs Founders Fund, had amassed a substantial position in the digital currency.
Bitcoin futures for January
on Cboe Global Markets Inc.
were off $60, or 0.4%, at $14,995, while futures
trading on CME Group Inc.
for the same month added $120, or by 0.8%, at $14,885. Both contracts had finished slight higher on Tuesday.
Meanwhile, Ripple coins soared to a record on Wednesday, solidifying a rally in the world’s No. 2 digital asset and closing in on bitcoin for dominance of the nascent industry. Bitcoin represents about 34% of the total digital currency universe at a market cap at about $257 billion, plumbing fresh lows in that measure, according to research site CoinMarketcap.com.
One Ripple coin was worth $3.50 in late trade, bringing its total value to about $135 billion.
Meanwhile, E*Trade Financial Corp.
late Tuesday said it opened trade for bitcoin futures on its online platform at 6 p.m. Eastern, following similar moves by rivals TD Ameritrade and Interactive Brokers Group Inc. last month.