ETH breaks above $700 to highs not seen since May 2018

The price of ether (ETH) has jumped above $700 to highs not seen since May 2018. 

Data from Coinbase shows the price of the world's second-largest cryptocurrency by market capitalization has increased by nearly 13% over the past 24 hours to $710.31 at the time of this writing.

Early this month, CME Group announced that it will list an ETH futures product next year. The product is coming to market on February 8, subject to regulatory approval.

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