Bitcoin's transaction is slowing down while prices have risen more than 16,000

The biggest exchange of Coinbase service interruptions tweets
Demand increases before futures start trading

Bitcoin surpassed the $ 16,000 level for the first time on Thursday, with the frenzy of buying one of the largest encryption key deals in just days before the first US futures contract began. deal.

Bitcoin rallies over $ 2,400 over the past 24 hours have continued to challenge their skeptics, as the world's greatest destructive demand has exploded. Investors rushed to open new accounts or ordered last Thursday Coinbase, America's largest exchange, warned of downtime and slow trading.

Trezor, a wallet service, tweeted that it had "little problem" with its servers, while Bitfinex, the largest Bitcoak exchange in the world, said on Twitter that it was under an attack. Denial of service for several days and recently it got worse.

Bitcoin is listed at $ 16,395 as of 1:15 pm in Bloomberg which is a mix of trade. The race this year has gone through 1,500 percent and its market capitalization is now $ 274 billion. On Thursday, it stood at $ 16,777.08 after the start of the day at $ 13,363.25.

"This is an irrational boom," said Howard Johnson, chairman of the Royal Bank of Scotland, in an interview on Bloomberg Television on Thursday. "This is a very, very unusual market, indicating we are not in a normal two-way market."

Daily price fluctuations of levels and weaknesses in trading floors were reported by the world's largest brokerage firms on Wednesday, indicating that contracts were launched without market control. full investigation. New bitcoin derivative products are expected to begin trading this month and are expected to increase demand. In a day like Thursday, the transaction will pause according to the proposed daily limits on price swing.

The decline of the market also shows that price differences can occur. Demand for Coinbase pushed the price up to $ 19,697 at 11:23 am, $ 3,000 higher than other markets. Coinbase added at least 300,000 users just before the Thanksgiving holiday. The company has had 13.3 million users since Nov. 26, up from 13 million on Nov. 22 and 10.6 million two months ago.

Davies agreed with the brokerage's view that the exchange of futures and bitcoin options did not receive a response from investors about margin levels, transaction limits, tension and clearing. The warnings were given in an open letter to the Future Industry Association on Wednesday.

CBOE Global Markets Inc. has announced it will commence bitcoin futures trading on December 10, while CME Group Inc's contracts will begin on December 18. Nasdaq Inc. is planning to offer futures trading in 2018, according to a person familiar with the matter. Cantor Fossierald LP of Cantor Exchange is creating a bitcoin derivative, and launching LedgerX has provided the option.

ASX Ltd, the main trading house for equities and financial instruments in Australia, said it will begin using blockchain, Bitcoin's platform technology to handle equity transactions. The digital currency has also been boosted from a successful technology test to ease the bottleneck of digital currency purchases.

Lightning Network, a company behind technology, is trying to move some of its deals off the blockchain by allowing buyers and sellers to transact privately and then broadcast their activity to the public.

Bitcoin cash prices fell, falling 9.1% to $ 1,342.86, according to coinmarketcap.com. The cryptocurrency competitor provides a separate solution to the bitcoin bottlenecks.