Author: Vitaliy Dadalyan

Bitcoin futures steal spotlight, momentum keeps pushing stocks up

World stocks climbed and equity volatility neared a record low on Monday as investors focused on strong economic growth signs ahead of a slew of interest rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession. Stealing the spotlight was the debut of bitcoin futures contracts, allowing investors to bet on the price of the cryptocurrency in one, two or three months. It was last quoted at $17,500, having earlier traded as high as $18,850, while bitcoin itself hovered at $16,415.36.


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Bitcoin futures steal spotlight, momentum keeps pushing stocks up

World stocks climbed and equity volatility neared a record low on Monday as investors focused on signs of strong economic growth ahead of a slew of central bank rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession. MSCI's main European Index (.MSER) rose 0.1 percent while the index of leading European companies gained 0.2 percent. Stealing the spotlight was the debut of bitcoin futures contracts, allowing investors to bet on the price of the cryptocurrency in one, two or three months.


...Read the rest of this story