First cryptocurrency continues its rapid growth. At the moment of press, it is being traded on Bithumb exchange for $6682.31 average.
Bithumb Bitcoin Buy/Sell Orders
Average price is $6538.17 with almost $108B marketcap.
Let's try to figure out, what are the background on these new price hights of Bitcoin.
CME to launch Bitcoin futures contract
World’s largest derivatives exchange, CME Group, is to launch Bitcoin futures by the end of the year. Assuming regulators grant CME’s application, the exchange will become the second U.S. regulated exchange to offer Bitcoin derivatives to institutional traders.
Bloomberg says "Bitcoin is going legit, for better or worse."
This is unexpected move by one of the two leading providers of financial information for professional participants in financial markets.