Bitcoin soars past $13,000 as futures move closer to reality

Bitcoin's price at the beginning of 2017 was less than $1,000 and it went up 13 times as optimism climbed for the distributed ledger technology known as blockchain, which is at the heart of bitcoin

The value of Bitcoin exceeded $13,000 and quoted at $13,140 with a rise of over 10 per cent on Wednesday, before going down to $12,900 on international bitcoin exchanges. The level of $13,000 was seen for the first time amid speculation that the widespread use of futures will help lead to digital currencies being viewed as a legitimate asset class for mainstream investors.

Bitcoin itself now has a market cap of more than $200 billion with the cryptocurrency market cap at $377 billion, in which the share of bitcoin has increased from 55 per cent a few days ago to