Bitcoin blasts to new all-time high of $6,450
Reuters
Published Nov 01, 2017 04:44AM ET
Bitcoin blasts to new all-time high of $6,450
LONDON (Reuters) - Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world's largest derivatives exchange operator said on Tuesday it would launch bitcoin futures.
CME Group Inc (O:CME) said it would provide a regulated trading venue for the cryptocurrency market and would launch the new derivatives in the fourth quarter of 2017.
Bitcoin has had a bumper year with a more than sixfold increase in price, and has more than doubled in price since mid-September alone.
It was up 0.3 percent on Wednesday on the Luxembourg-based Bitstamp exchange
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Written By: Reuters
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