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.

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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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