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Bitcoin posts a new all-time high

October 31, 2017

Bitcoin has jumped to a new record high on Tuesday after futures exchange operator CME announced plans to launch bitcoin futures.

CME announced plans to launch the new futures contracts in the fourth quarter “pending all relevant regulatory review periods.” CEO Terry Duffy said the move was motivated by “increasing client interest in the evolving cryptocurrency markets.”

Bitcoin popped against the dollar on the news. The cryptocurrency is up over 3% to $6,337.29 at 2.10 p.m. GMT (10.10 a.m. ET) — passing the record high of $6,306 reached on Sunday evening.

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