Bitcoin extends the rebound, tracks futures higher

Bitcoin, (BTC/USD) the world’s most traded cryptocurrency, extended its recovery from yesterday’s dip to near $ 12,750 levels and reached as high as $ 16,580, after Bitcoin futures rallied hard and surpassed the $ 18k mark, following its closely-watch launch on Sunday.

Reuters reports, “the most-traded contract on the Chicago-based CBOE Global Markets exchange opened at $15,460 in New York on Sunday evening, before leaping to a high of $18,700 - a gain of 21 percent.”  As of writing, BTC/USD on Bitfinex is up +9% and trade near $ 16,330.

The sentiment also remains underpinned by the comments from Yuzo Kano, bitFlyer’s chief executive, delivered in an interview with FT. Kano said trading on the exchange was “roughly 50-50” between existing investors and new money coming in. “The scale of deposits is steadily increasing. It’s pretty large,” he said.

BitFlyer, which ranks third for trading in the underlying digital currency, has also won authorization to open in the US.

 Moreover, the latest announcement by Goldman Sachs Spokeswoman, as saying that the US banking giant is planning to clear Bitcoin futures for some clients, also continued to offer some support to the prices.

Meanwhile, Bitcoin sits at the market capitalization of $ 278.40 billion, down from about $ 285 bn seen last Friday.The total market capitalization of the cryptocurrencies sits at $ 440 billion.