Bitcoin Forum
August 20, 2018, 05:00:58 PM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: [2017-12-07] Bitcoin Price Breaks $15,000, Hits Quarter Trillion Market Cap  (Read 1080 times)
Sr. Member
Offline Offline

Activity: 644
Merit: 250

View Profile
December 07, 2017, 11:41:25 AM

Bitcoin price exploded to a new record high on Thursday to climb above $15,000 for the first time in history.

Bitcoin’s remarkable gains continue with few signs of fatigue as the world’s first cryptocurrency broke new ground to soar past a dizzying $15,000 per coin on prominent US-based exchange Coinbase.

On the back of strong trading session through the early hours of Thursday (UTC), bitcoin rose to a new all-time high of $15,245 (Coinbase). In major markets like that of Korea, bitcoin price surged to a USD equivalent of $17,000. The extreme premiums underline the unprecedented demand and appetite for the decentralized currency that is resoundingly seen as a store of value for investors, beyond its utility as a currency.

At press time, trading data on CoinmarketCap (which factors-in global trading markets with price premiums) shows price reaching above $15,300, a gain of over 18.5% on the day. With today’s bull run, bitcoin’s market cap is now above $250 billion – over a quarter of a trillion dollars.

If bitcoin were dropped into the M1 index (the Liquid or narrow money metric), it would rank at #18 on the global list, above the likes of Australia and Russia.

Since the turn of the year, bitcoin is now up 1400%.


Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!