Bitcoin blasts to new all-time high of $6,450
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 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.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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