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$12,000 and Rising: Bitcoin's Price Hits New All-Time High
The price of bitcoin has risen above $12,000 for the first time.
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.
STORY CONTINUES BELOW
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
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry. Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>).
