FLASH GAGE – Bitcoin Hits Record High

Flash Gage - News Headlines that Impact precious metals as they happen.

Interesting trick (and for some a treat) announced today.

We’ve been discussing the cryptocurrency phenomenon in The Market Gage a lot here lately, and here’s a little something that will show you why. This morning, CME Group, the world’s leading derivatives marketplace, announced it will launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.

Once this was announced, Bloomberg reported that Bitcoin surged to a record high of almost $6,300 (A jump of over $180)

Cryptocurrency market capitalization has grown in the past few years to $172 billion, with bitcoin as the lion’s share at 54 percent of that total, or $94 billion.

Here’s the story about CME on Coin Desk.

Happy Halloween.

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