For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset.
Bitcoin, like gold, is a limited asset that can't be easily increased to meet demand. Bloomberg analysts predict the price of both will rise this year.
Crypto exchange WEX, formerly known as BTC-e, saw its BTC/USD market spike to nearly $9,000 on Wednesday.
Researchers from the U.S. Federal Reserve Bank believe that the launch of bitcoin futures played a role in bitcoin's recent price slump.
Goldman Sachs is launching a new operation that will use the firm's own money to trade bitcoin-related contracts on behalf of its clients.
MarketWatch is now tracking nine cryptocurrencies in total on its website, with the eight additions announced today.
Economist Kenneth Rogoff said Tuesday that he expects bitcoin's price will decrease by 2028.
The top securities regulator in Massachusetts raised concerns on the bitcoin bubble and called the bitcoin market "entirely speculation."
The price of bitcoin is down more than 25 percent from its recent all-time highs, spurred by futures listings from major derivatives exchanges.
Bitcoin "feels speculative," according to the chief equity strategist for Nuveen Asset Management.
Bitcoin prices have broken past $800 for the first time since February 2014, setting a fresh 34-month high.
Bitcoin prices surged more than 80% in 2016, pushed higher by developments such as the Brexit, the halving and the Bitfinex hack.
Bitcoin surpassed $750 on 1st December, rising past this key psychological level but failing to reach $755.