Bitcoin Futures Surge Past $17,000 on Launch Day

Bitcoin Futures Surge Past $17,000 on Launch Day
A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. Reuters/Benoit Tessier/Illustration
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SYDNEY–Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Monday’s Asian session on expectations the Federal Reserve will stick to its tightening path.

The front-month bitcoin futures contract on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading.