Bitcoin Price Rose to a New All-Time High Above 6500$ Level
- Trade Magnates Team
- Nov 1, 2017
- 1 min read
Trade Magnates - Bitcoin price rose to a new all-time high above 6500$ level on Wednesday after CME Group has announced its plans to launch bitcoin future by the end of this year.
The crypto currency started the year at around 1000$ level rising more than 600% up to this moment. The world’s largest derivative exchange operator, CME, has announced its intentions to launch bitcoin futures by the end of the year once approved by regulators.
With regulated exchanges launching bitcoin future, we might witness a further up move to the bitcoin prices in particular and other cryptocurrencies in general.
On the other hand, Ethereum, the second most valuable cryptocurrency by market cap was down to 301$ level.