The price of bitcoin surpassed the $6,500 and $6,600 barrier in one day to hit a new record high
The move higher was boosted after the CME announced plans to launch bitcoin futures
CME's plans could bring more institutional investors into the bitcoin market.
Bitcoin surpassed $6,500 and $6,600 on Wednesday to hit a new record high after the CME announced plans to launch bitcoin futures later this year.
The price of the cryptocurrency hit a high of $6,600.84 just hours after breaking through the $6,400 barrier, and minute after moving past the $6,500 mark, according to data from industry website CoinDesk. Its market capitalization, or the total value of bitcoin in circulation, hit $110 billion.
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