Bitcoin Prices Break New Record Hitting $12K In Epic WeekDecember 5, 2017 4:37 pm
Earlier Tuesday, Bitcoin surged past the $12,000 mark and a $200 billion market cap before a slight correction as prices of the cryptocurrency continue their remarkable week-long surge, Cointelegraph reported.
Major exchanges Coinbase, Bitstamp and Kraken show bitcoin settling in at 11,675.70 at 11 a.m. ET after reaching an all-time high of $12,027 earlier, the report said.
Bitcoin has passed the new barrier after having grown from $9,200 lows within a matter of days, the report said.
Regulated bitcoin futures on Wall Street begin Dec. 10 and Dec. 18, Cointelegraph reported, when CBOE and CME Group enter the market.
Bitcoin forks are quickly becoming the talk of the speculative crypto investment world, the report said, with a host of Bitcoin ‘impersonators’ lined up to debut this month.
So far, however, current forks have failed to match BTC’s progress, Cointelegraph reported, with Bitcoin Cash up 1.7 percent in 24 hours and Bitcoin Gold posting flat performance for the same period.
By contrast, privacy-focused altcoin Monero continues as the clear altcoin winner, the report said, advancing another 22 percent Tuesday to hit its own all-time highs of $240.
– WN.com, Jack Durschlag