Sunday, March 3

Bitcoin Shoots off the Roof, Hits All Time High

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, the world’s leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.


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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.