A few days ago, the value of bitcoin broke the record of $6 thousand. This time, it surpassed the US $7 thousand levels in several foreign exchange offices on Thursday (2).
At CoinDesk, bitcoin peaked at $7,355.35. At the moment, he retreated to $7,000.95. This pushed the market value of this cryptomonad to $120 billion.
What caused this sudden high? This time around, he appears to be CME Group, the largest global player in derivatives – that is, financial assets whose value depends on other assets such as stocks, gold … or certain crypto-coins.
CME announced on Tuesday (31) that it plans to launch bitcoin futures in the fourth quarter after regulatory approval. “Given the growing interest of customers in the crypto-currency markets, we have decided to introduce a bitcoin futures contract,” said Terry Duffy, CEO of CME Group, in a statement.
This may bring more institutional investors to the market, with billions of dollars worth of equity. “Bitcoin is coming out of the financial west to reach the mainstream,” said Charles Hayter, CEO of Crypto Compare website, to CNBC.
The price of bitcoin has increased by 600% since the beginning of the year. These were the levels, as TechCrunch recalls :
- May 20: US $2 thousand
- August 4: US $3 thousand
- August 12: US $4 thousand
- October 12: US $5 thousand
- October 20: US $6 thousand
- November 2: US $7 thousand