Bitcoin Hits $12,000 And Reaches Above $200 Billion

$12,000

The price of Bitcoin (BTC) has hit new record highs just above $12,000 and broke above a $200 billion market cap.

Source: CoinMarketCap

At press time, BTC is at $11,802.70 – just below its record of $12,032.00 reached at 13:49:12 UTC. The Bitcoin-U.S. dollar (BTC/USD) exchange rate has appreciated by 3.59 percent in 24 hours. Week-on-week, BTC is up 17.2 percent, while on a monthly basis, it is up 56.68 percent.

The bullish climb is a result of the upcoming Bitcoin futures, that are set to hit the market in less than two weeks. CBOE is planning on launching their futures on the tenth but the futures that most people are highly are anticipating are CME’s futures, that begin on the 18th of this month. As time inches closer to these release dates, most analysts believe that the cryptocurrency will continue to rise.

Featured Image: Depositphotos/© ulchik74

Chelsea Roh is a freelance content writer living in Vancouver, BC. Her current focus is cryptocurrency, financial analysis and blockchain technology. In addition to content writing, she is an experienced Social Media Manager/Strategist. Before moving to Canada, she spent 10+ years marketing and working hands on in the medical practice industry.