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Bitcoin Rallies above $7,000 for the First Time – Investing

” The price of the digital currency bitcoin rose to a new all-time high above the $7,000 level on Thursday, extending a recent record rally.

On the U.S.-based GDAX exchange, Bitcoin hit a high of $7,089.80 and was at $7,040.80 by 05:42 AM ET (09:42 AM GMT).

Bitcoin is up as much as 640% this year after starting the year near $1,000 and at current prices has a total market capitalization of around $117 billion.

The digital currency has been boosted by news that futures markets operator CME Group is planning to launch bitcoin futures later this year, pending regulatory approvals. ”


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