Bitcoin Soars to Record Highs, CME Group Sets Bitcoin Futures Date
Investing.com – Bitcoin recorded a fresh all-time high on Monday, rising above $8,200 for the first time in its nine-year history amid ongoing bullish sentiment on the popular digital currency.
On the U.S.-based Bitfinex exchange, bitcoin rose to $8240.6, up $162.2, or 2.01% after rising to an all-time high of $8287.0. Bitcoin’s market cap surged to $136 billion.
The latest surge in bitcoin comes on the back of a raft of positive news after payments company Square (NYSE:SQ) said last week, it was testing support for bitcoin to allow customers to buy and sell the digital currency through its payment app Cash.
Also adding to positive sentiment on bitcoin was an update from derivatives marketplace CME Group (NASDAQ:CME) on Sunday on its plan to introduce bitcoin futures before the end of the year.
"Effective Sunday[,] 10 December 2017 for trade date Monday[,] 11 December 2017, and pending all relevant regulatory review periods, please be advised that CME will launch Bitcoin Futures." The CME Group noted on its website.
Bitcoin's latest milestone sparked a wave of optimism across the main cryptocurrencies as Bitcoin cash rose to $1,194, up 1.47% while bitcoin gold fell 3.57% to $158.31.
Ethereum, the second largest cryptocurrency by market cap, rose 2.91% to $365.60.
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