Mubasher: For the second day in a row, Bitcoin hit a new record high, passing the level of $6,500 for the first time ever, according to Coin Desk.
In the last days the cryptocurrency surged to its highest levels since it came into existence back in 2009, exceeding the level of $6,300 on Sunday 29 October, and then $6,400 on Wednesday 31 October.
The digital currency started today’s session at $6,447, then reached $6,522 rising by 1.16%, and it then went down to 6,497 by 1:50 PM (GMT).
The data of CoinMarketCap shows Bitcoin rose by more than 17% this week, with its market capitalization peaking at $108.5 billion, as reported by Reuters.
The news agency noted that data shows aggregate value of all cryptocurrencies hit a record high of around $184 billion on Wednesday, making their reported market value worth around the same as that of Goldman Sachs and Morgan Stanley combined.
This comes after the Chicago Mercantile (CME Group), derivatives marketplace operator, announced plans to launch a bitcoin futures product in the fourth quarter of 2017.
CME said that the futures would be settled via cash and based on its CME CF Bitcoin Reference Rate.
