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U.S. The wild swings happened just days before trading in bitcoin futures begins on a major U.S. exchange. Major banks took notice, with three of the biggest saying they will either limit or not allow their clients access to the futures when trading begins next week on the Chicago Board Options Exchange. The price of bitcoin fell back during Asia's day Friday, dropping to $15,431.39 as of midnight EST (0500 GMT), according to large bitcoin exchange Coinbase. At the start of the year, one bitcoin was worth less than $1,000. Bitcoin's wild swings occurred as the financial community prepares for bitcoin futures to start trading on Sunday on the CBOE and a week later on the Chicago Mercantile Exchange. The futures are designed to reflect the price of bitcoin without an investor having to physically hold the virtual currency, not unlike how oil, gold, copper or cocoa prices are determined by futures contracts. Yet the dawn of futures trading has some parties on Wall Street concerned. The Futures Industry Association, a trade association that represents Wall Street banks, brokerages and clearinghouses, sent a letter to the Commodities Futures Trading Commission this week, saying the institutions should have been consulted before trading in bitcoin futures was approved. The association's members expressed concern that they could be on the hook for large sums of money if extreme volatility in bitcoin results in big losses for some customers.