$10,000: Bitcoin Passes the Historic Milestone

November 29, 2017 11:01 AM UTC

Bitcoin price is now firmly trading above the significant figure of $10,000 after hitting the milestone for the first time in its nine-year history today.

As bitcoin’s rally continues in its upward trajectory, the momentum shows few signs of abating after trading value crossed $10,000 in the early hours of Wednesday (UTC). The world’s first cryptocurrency rang the $10,000 bell near 01:30 UTC with trading across multiple USD exchanges including Coinbase and Gemini showing traded spot value above the milestone figure.

Not content with the historic high, a trading frenzy continued to push the cryptocurrency’s value even higher to register a new all-time high of $10,913 (Coinbase).

The cryptocurrency, now firmly in the mainstream as a store-of-value for investors, rose above $9,000 for the first time this weekend. The leap to hit above $10,000 earlier today represents the fastest 1000-point gain for bitcoin, in under 4 days.

Since the turn of the year, bitcoin is now up nearly 1,000 percent. Those aggressive gains have propelled its market capitalization above a $180 billion. Dropped into the M1 (liquid money supply) metric, bitcoin would now rank at #25 on the global list, above the likes of Brazil, Singapore and the UAE.

At press time, bitcoin is trading near $10,600.

Featured image from Shutterstock.

Last modified: May 20, 2020 9:22 PM UTC

Samburaj Das @sambdas

Samburaj is the Chief Editor of CCN.com, one of the earliest and foremost publications covering blockchain, cryptocurrency, and financial technology news. He has authored over 2,000 articles for CCN.com. Reach him at samburaj@ccn.com. Visit his LinkedIn profile here or his Muck Rack profile here. Samburaj Das is a Trusted Journalist.