Newsflash: Bitcoin Price Leaps Nearly 10% Today, Nears $13,000

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Bitcoin price continues to rapid upward strides, gaining over $1,000 on Wednesday to firmly shatter the $12,000 milestone with a new all-time high of $12,947 (Coinbase).

The world’s first and largest cryptocurrency struck $12,000 earlier today and, in doing so, expanded to a market cap of $200 billion for the first time in history. That dollar figure represents an 1100% gain since the turn of the year, when bitcoin began trading at $1,000 on January 1st.

Not content with dizzying heights, bitcoin’s momentum stuck and continued to gather pace as the records keep on tumbling.

At 06:30 (UTC), bitcoin price rose above $12,500 as continued optimism in global markets saw price peak to a new all-time high of $12,947 (Coinbase), a gain of nearly 10% on the day.

Market data on CoinmarketCap, which accounts trading in global markets and factors in price premiums, shows bitcoin price peaking above $13,000.

At the time of publishing, bitcoin is trading to the dollar at $12,818. The 1000-point leap to $13,000 in under a day, or even 12 hours, is still in sight.

Stay tuned for today’s analysis…

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POSTED IN: Bitcoin Price News, News
Samburaj is the Editor for CCN, among the earliest and foremost publications covering blockchain, cryptocurrency and financial technology news. He has authored over 1,500 articles for CCN and is invested in Bitcoin. Email: [email protected]