Bitcoin Hits Fresh New High above $11900

Bitcoin hit a fresh record high on Tuesday just shy of $12,000 at $11,961. This marks an increase in value for bitcoin of over 1,100% since the beginning of the year on a market capitalization of nearly $201 billion.

The digital currency experienced a surge in price following news that the Chicago Mercantile Exchange and Nasdaq plan on launching bitcoin futures contracts soon, gaining over 60% in the last 30 days.

Bitcoin increased 2.41% to change hands for $11,875 at 2:45 pm CET. At the same time, bitcoin’s spin-off currency traded 2.37% lower at $1,501.