Bitcoin Hits New All-Time High as CME Group Announces Futures Trading

Bitcoin Hits New All-Time High as CME Group Announces Futures Trading

Bitcoin has hit a new all-time price high after CME Group says it will offer futures trading.

Bitcoin has hit new all-time price highs on its ninth birthday today as CME Group announces futures trading.

Investors still celebrating the weekend’s record-breaking $6,300 have little to fear this Halloween as renewed momentum coming from CME takes Bitcoin within reach of new heights.

We're launching #Bitcoin futures to provide a regulated trading venue for the #digitalasset market. https://t.co/5RRvVCGtjB http://pic.twitter.com/zcbCAUriUd

— CMEGroup (@CMEGroup) October 31, 2017

The move appeared broadly expected Tuesday even without the news, analyst Tone Vays and investor Max Keiser both predicting imminent peaks.

$7,000 staring us in the face. #Bitcoin http://pic.twitter.com/SHKAJB4lg0

— Max Keiser (@maxkeiser) October 31, 2017

According to data from Bitcointicker, Bitcoin advanced 2.1 percent in the 24 hours to press time to hit $6,300.

Chart

The latest surge, which began late last week, initially pulled major altcoins along with Bitcoin, but the trend has since faltered.

Bitcoin Cash, in particular, has reversed the top of its gains which saw the fork hit multi-week highs approaching $500.

http://ift.tt/2ijw8ht

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