Bitcoin price hits another record all-time high breaking $6,500

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The rising price of bitcoin has broken records (Source: Getty)

Bitcoin's upward streak continues: the cryptocurrency's price has once again set a record.

After breaking the $6,400 mark overnight it's continued to climb and cracked $6,500, this morning reaching $6,522 at pixel time.

News of plans for bitcoin futures had already pusheed it to new highs yesterday. US-based exchange operator CME Group said it hopes to launch it by the end of the year.

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It's a major move which analysts at Investec noted would take "the currency a step forward toward legitimacy".

"Will we be starting to quote commodity prices in Bitcoin?" it asked in a note on Wednesday morning.