Bitcoin 12th November Post 2017
Bitcoin 12 th November Post 2017 Bitcoin reached an all-time high on Wednesday the 8 th November at over $10,250 AUD. There is a lot of speculation as to what drove it to this level. It seems that there are a few factors that may be involved. The upcoming contentious hard fork 2X is now possibly cancelled (but we’ll have to wait and see as Bitpico is saying that they will still introduce the code and some others are speculating that others may still introduce the code). We may have seen new money enter the market with the prospect of a coin split and possibly new value on a 2X chain. FOMO (Fear Of Missing Out) as the price rose. The announcement that CME group will be introducing a Bitcoin Reference Rate BRR & a Bitcoin Real Time Index BRTI as instruments to track the flow of major Bitcoin exchanges and calculate a once a day Bitcoin price relative to the US dollar & the real-time price by aggregating global buy/ sell orders. These metrics and independen