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

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

According to bit-cointalk’s Bitcoin Price Index (BPI), the price of the world’s largest cryptocurrency by market capitalization is trading at $12,201.67. 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, bit-cointalk 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@bit-cointalk.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.





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