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| Bitcoin skyrockets to all-time high above $8,500 | Bitcoin skyrockets to all-time high above $8,500 |
| (about 4 hours later) | |
| The world's most popular cryptocurrency surpassed $8,600 on Saturday at 1:00pm GMT, setting another record high. Bitcoin is up five percent on the day and over 850 percent this year. | |
| November has been an extremely volatile month for bitcoin. Earlier this month, the digital currency price fell to $5,500 after developers scrapped the SegWit2X update, leading some miners and investors to shift to offshoot bitcoin cash. | November has been an extremely volatile month for bitcoin. Earlier this month, the digital currency price fell to $5,500 after developers scrapped the SegWit2X update, leading some miners and investors to shift to offshoot bitcoin cash. |
| However, bitcoin returned to growth on news that the Chicago Mercantile Exchange would start trading futures on the digital currency. | However, bitcoin returned to growth on news that the Chicago Mercantile Exchange would start trading futures on the digital currency. |
| The cryptocurrencies have also been boosted by interest from institutional investors. Goldman Sachs and Citigroup have said they are researching cryptocurrencies and the blockchain technology that underlies them and may add them to their portfolio. | The cryptocurrencies have also been boosted by interest from institutional investors. Goldman Sachs and Citigroup have said they are researching cryptocurrencies and the blockchain technology that underlies them and may add them to their portfolio. |
| Bitcoin started the year just above $1,000, and the overall growth now is approaching 900 percent. The cryptocurrency’s market capitalization has reached $144 billion. That makes bitcoin more valuable than major corporations like Siemens, Mastercard, British American Tobacco or McDonald’s. | |
| READ MORE: Bitcoin price could reach $5,000,000 says Bitcoin Cash's self-proclaimed CEO | READ MORE: Bitcoin price could reach $5,000,000 says Bitcoin Cash's self-proclaimed CEO |