 "Bitcoin")
The price in India of bitcoin, the cryptocurrency, touched Rs 10 lakh this afternoon, when its price on major global exchanges crossed $16,000. It was $13,000 on Wednesday evening. Bitcoin has seen a high of $16,418 before it slipped back to below $16,000.
While prices are rising sharply ahead of the launch of futures in this on US exchanges, the bitcoin community believes several hedge funds are preparing to short-sell it when derivatives trading begins on the CBoT and CME. CBoT bitcoin derivatives trading is beginning this Sunday; CME is launching it on December 18. These sources don’t rule out buying
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