Bitcoin has been on a wild ride since crossing $10,000 Seth Archer

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  • Bitcoin has been on a wild ride in the last 24 hours.
  • Around 1:30 PM ET on Tuesday, the cryptocurrency crossed the $10,000 per coin mark for the first time.
  • The currency shot to more than $11,250 about 20 hours after hitting the major $10,000 milestone and is up 8.21% on Wednesday.
  • It has since settled slightly lower, at $10,766.32 per coin.
  • Business Insider found that Nasdaq, the exchange operator based in New York, is planning to launch bitcoin futures. The contracts would allow investors to bet on the future price of bitcoin and would likely help lessen volatility in the market.
  • Other cryptocurrencies are hitting major milestones of their own on Wednesday. Ethereum briefly traded above $500 and Litecoin hit $100 for the first time.

  • Courtesy of Markets Insiders

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