Bitcoin was last up 4.48 percent at $12,200.40 on the Luxembourg-based Bitstamp exchange. REUTERS/Dado Ruvic/Illustration
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Bitcoin extended its eye-popping rally Wednesday, breaking above $12,000 to a record high despite questions about the cryptocurrency's real value and worries about a dangerous bubble. Bitcoin received a boost after Friday's announcement by the main U.S. derivatives regulator that it would allow CME Group Inc. and CBOE Global Markets to list bitcoin futures contracts.Bitcoin was last up 4.48 percent at $12,200.40 on the Luxembourg-based Bitstamp exchange after surging to the record peak of $12,276.00 .
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