$10,000: Bitcoin Passes the Historic Milestone

Samburaj Das on 29/11/2017
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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.

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fintechcryptocurrencymining

Financial Technological Networker , developing Crypto Currency Mining enthusiast , here in an African Continent !! A participant in various FinTech Platforms Local and Globally !!

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