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Bitcoin blasts through $16,000 milestone as march higher continues

“Some strategists believe the ability to hedge in the futures market will make bitcoin much more attractive to institutional investors, leading to more orderly bitcoin trading” writes Markets Reporter for However, others argue that those same institutional investors could destabilize the bitcoin market by taking on large positions to try to leverage discrepancies in pricing.However, the start of futures trading also means the start of short trades on the bitcoin, which could increase volatility further,” she added.Futures are seen as potentially further legitimizing bitcoin as an investment, and they could drive additional demand into the space.Bitcoin soard above $16,000 Thursday morning, showing no signs of slowing a relentless rally that has pushed up the cryptocurrency more than 1,500% since the beginning of the year.

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