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Bitcoin posts another record high as JPMorgan touts its potential as ’emerging asset class’

December 05
16:47 2017

Bitcoin’s meteoric price rise is continuing amid growing interest in the cryptocurrency from institutional investors.

Bitcoin posted a record high against the dollar on Tuesday morning, hitting $11,829 a coin at about 8 a.m. GMT (3 a.m. ET), according to Markets Insider data.

bitcoinMarkets Insider

The rise comes amid growing interest from institutional investors in cryptocurrencies, which until recently were viewed with relative disdain by figures in the world of traditional finance.

CBOE Global Markets, the Chicago-based options and derivatives exchange, on Monday announced plans to launch bitcoin futures contracts next week. Its rival CME Group has already announced plans for a similar product.

Continue Reading at Business Insider

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