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One prominent securities regulator warned that people were now taking out second mortgages on their homes to buy bitcoin.

CBOE Tweeted a status update which said "Due to heavy traffic on our website, visitors to cboe.com may find that it is performing slower than usual and may at times be temporarily unavailable". The exchange halted trading twice on the first day to stem volatility.

The Cboe said at least 20 trading firms "actively participated" in the first day of trading, without giving specifics.

The futures launch may lead to other products and services focused on cryptocurrencies, including a possible shift into exchange-traded funds (ETF) and notes, according to Edward Tilly, Cboe's chief executive officer, as quoted by industry news site CoinDesk.

Futures markets not only offers the option to go short, but also provides a leverage platform and this may draw in investors looking to boost earnings, though caution will is needed with Bitcoin's volatility having shown its teeth in recent days. Volume of the bitcoin futures was relatively low, trading less than 4,000 contracts compared with the tens of thousands that typically trade for more popular commodities like oil, gold, or wheat, or the hundreds of thousands of contracts for popular stock-based futures like the S&P 500.

Bitcoin tops $16k as miner NiceHash investigates '$64m theft'

But with the surge of interest has come concerns about the bitcoin market being in a bubble. JPMorgan Chase CEO Jamie Dimon has called bitcoin "a fraud". The week before the value of the cryptocurrency was below $10,000.

In a major step towards legitimising the virtual currency, the Bitcoin has begun trading on a major United States exchange.

Once the situation calmed down, Bitcoin futures expiring in January are changing hands at $17,780 - up from an opening level of $15,000.

How much influence Bitcoin futures contract prices will have on Bitcoin's price is an unknown, but we will expect there to be some influence as investors begin to take notice of what the more professional investor thinks on Bitcoin and its likely directions.

In other words, investors are anticipating that bitcoin will keep pushing higher.

Retail inflation breaches RBI estimates to reach 15-month high of 4.88%
That's up from 3 per cent in October and the highest since March 2012. The IIP had expanded by 4.2 per cent in October past year . The Bank of England has a tricky tightrope to walk.


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