Here are five things you must know for Wednesday, Dec. 6:
The digital currency was trading below $1,000 at the start of the year.
At last check, according to Coindesk.com, the cryptocurrency was selling for just over $12,704.63.
As the price of the largest cryptocurrency by market value skyrockets, so has the number of accounts being opened. But the trading frenzy and steep ascent of Bitcoin has worried many investors and traders.
"Bitcoin is now officially an investor mania," warned Josh Brown from Ritholtz Wealth Management.
3. -- Ford Motor Co. (F) is expected to sign as early as Thursday, Dec. 7, a deal with Alibaba Group Holding Ltd. (BABA) which may allow the U.S. automaker to test selling cars to consumers in China through Alibaba's online retail arm Tmall, as well as through a new "auto vending machine" store concept, a Ford source familiar with the matter told Reuters.
Ford's executive chairman, Bill Ford Jr., and CEO Jim Hackett are expected to be in Hangzhou on Thursday to sign a letter of intent that outlines the scope of the new partnership, Reuters reported.
The deal is intended to position Ford for an emerging Chinese marketplace where more cars could be sold online, the source told Reuters.
Google's move to block YouTube is retaliation for Amazon's refusal to sell some Google products that compete with Amazon gadgets, the Associated Press noted. That includes Google's Chromecast streaming device, an alternative to Fire TV, and Home, an internet-connected speaker, which is battling it out with Amazon's Echo.
"Given this lack of reciprocity, we are no longer supporting YouTube on Echo Show and Fire TV," Google said in a statement. Amazon didn't immediately respond to requests for comments made by the AP.
5. -- Canada is scrapping a plan to buy 18 Super Hornet fighter jets from Boeing Co. (BA) amid a deepening dispute with the U.S. aerospace giant, three sources familiar with the matter told Reuters.
The Liberal government instead will announce next week it intends to acquire a used fleet of older Australia F-18 jets, the same kind of plane Canada currently operates, the sources said.
Canada is angry over a move by Boeing to launch a trade challenge against Canadian planemaker Bombardier Inc., which Boeing accuses of dumping airliners on the American market.
Boeing shares rose 0.7% in premarket trading.
This story has been updated from 6:08 a.m. ET.