Bitcoin Watch – Keep an eye on the cryptocurrency taking the world by storm

At the beginning of 2017, the highly volatile Bitcoin was valued at just below USD1,000, however recently it has skyrocketed well into the teens at a high of over USD19,000.

Latest Bitcoin news:

According to Reuters, US fund managers are ramping up efforts to tap into the fever surrounding digital assets, and the latest planned bitcoin products could deliver some head-turning and stomach-churning price movements if they come to market. The new idea is to build “leveraged” and “inverse” funds that would rise — or fall — twice as fast as the price of bitcoin on a given day.

Direxion Asset Management LLC plans to list such products on Intercontinental Exchange Inc’s NYSE Arca exchange if US securities regulators give the nod, according to a filing by the exchange this week. In the filing, the exchange said the listing “will enhance competition among market participants, to the benefit of investors and the marketplace.”

Stay updated here with how the cryptocurrency is tracking: