Bitcoin bangs with a new all-time high of $6500

Avatar Written by Sajeel Syed ·  54 sec read >
Bitcoin Blasts Price Rise

Bitcoin maintaining its price since the boost from last month crossing $6000 has reached $6500 which will be roughly 6,84,000 PKR. This increase might be the result of the statement of world’s largest derivatives exchange operator which claimed yesterday that it will launch new exchange derivatives for Bitcoin.

The world’s leading and most diverse derivatives marketplace, CME Group Inc (CME.O) said that it would provide a regulated trading place for the cryptocurrency market and will also launch new derivatives at the end of 2017.

This year has been a remarkable success for cryptocurrencies especially for Bitcoin which has grown 5 times than it was at the beginning of the year with a price of around $1000. This increase can be estimated as 500% percent boost in Bitcoin’s price.

Also Read: Samsung turns 40 Galaxy S5s into a Bitcoin mining rig

An increase in the price of Bitcoin is always expected when the political and business leaders around the world talk about the impact of cryptocurrency as an alternative for conventional trade.

Bitcoin has been reshaping the landscape of digital currency ecosystem and many investors around the world have shown a keen interest in investing in digital currency.

Pakistan is also expecting an increased number of Bitcoin and Altcoin investors. Certain exchanges are working in this regard. Techjuice is the first media platform in Pakistan to create awareness about the increasing potential of cryptocurrencies for our Pakistani readers. You can easily check our top banner on homepage from your desktop devices to stay updated with cryptocurrency rates in PKR.

Written by Sajeel Syed
I am a writer at TechJuice, overseeing IT, Telecom, Cryptocurrency, and other tech-related features here. When I'm not working, I spend some of my time with good old Xbox 360 and the rest in social activism. Follow me on Twitter: Profile