$12,000 and Rising: Bitcoin's Price Hits New All-Time High

Stan Higgins
Dec 6, 2017 at 03:10 UTC
NEWS

The price of bitcoin has risen above $12,000 for the first time.

According to CoinDesk's Bitcoin Price Index (BPI), the price of the world's largest cryptocurrency by market capitalization is trading at $12,201.67 at press time. This represents a gain of just over $500 since the day's open and a gain of more than 4 percent overall.

The move above $12,000 also notably pushes bitcoin's market capitalization beyond $200 billion for the first time, the BPI shows.

As previously reported, markets had been eyeing the $12,000 earlier today when the price of bitcoin traded between $11,400 and $11,800.

And, as might be expected, exchanges in South Korea – which were the first to cross the $10,000 line late last month – are trading above $14,000, according to data from CoinMarketCap (though those markets are denominated in the won, South Korea's national currency).

Hot air balloon image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

PricesBitcoinMarkets

Load Comments