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Bitcoin soars through $6,500 level
Nov. 1, 2017 6:29 AM ET
By: Yoel Minkoff, SA News Editor

Bitcoin has smashed through the $6,500 barrier to hit a new record level after the CME announced plans to launch bitcoin futures later this year.

Prices hit a high of $6,550.14, according to CoinDesk, resulting in a bitcoin market capitalization of $109B.

The introduction of such a product could bring more institutional investors into the market, boosting bets the cryptocurrency could enter the financial mainstream.

Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, OTC:BITCF, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, SRAX, OTCPK:GAHC, OTCQB:UBIA, OTC:ARSC, OTCPK:USTC, OTCPK:PRELF, OTCPK:BLKCF