Newsflash: Bitcoin Price Breaks $15000, Hits Quarter Trillion Market Cap

(Dow Jones) The price of bitcoin surged above $12,000 early Wednesday morning, the latest milestone in the cryptocurrency's massive rise.

Bitcoin has surpassed its previous record of Dollars 12,000 to USD 13,033 at 04:20 pm on Wednesday, according to the website coinmarketcap.

Bitcoin's moves dwarfed any traditional currency's once again, with the cryptocurrency hitting a new record high of more than $12,500, up nearly 7% on the day.

December 6, 2017, 1:53 p.m. CET Less than 12 hours after it first passed the price of $12,000, Bitcoin is now trading at over $13,000.

At press time, trading data on CoinmarketCap (which factors-in global trading markets with price premiums) shows price reaching above $15,300, a gain of over 18.5% on the day.

More news: Huawei Nova 2s launched with four cameras and 18:9 display
More news: Celebrate PlayerUnknown's Battlegrounds Xbox Launch with Real Life Supply Drops
More news: Analyzing Analyst Recommendations: The Navigators Group, Inc. (NAVG), Lululemon Athletica Inc. (LULU)

Earlier this week (4 December), it emerged that United Kingdom users may soon face heightened government regulation amid fears the cryptocurrency was used to fund criminals and terrorists. Such as: the bitcoin market cap will erode gold and even sovereign wealth bonds, that it will reach six figures by 2020, and that it is as big a thing as the World Wide Web was in 1995.

Could it be a bubble?

Close to the launch of bitcoin futures by CME Group and other exciting news, the "people's currency" is going through the roof.

That question has become a topic of intense debate for those operating in the financial services industry.

Stephen Roach, Senior Fellow at Yale University, the former Asia Chairman, and Chief Economist at investment bank Morgan Stanley, told CNBC that he was so dubious about investing in bitcoin. I've never seen a chart of a security where the price really has a vertical pattern to it. And bitcoin is the most vertical of any pattern I've ever seen in my career. "Like all bubbles, they burst".

Related Articles

  • Robeco Institutional Asset Management BV Sells 6767 Shares of Amazon.com, Inc

    Robeco Institutional Asset Management BV Sells 6767 Shares of Amazon.com, Inc

    It is negative, as 37 investors sold ETN shares while 289 reduced holdings. 89 funds opened positions while 293 raised stakes. Among 28 analysts covering Ulta Salon Cosmetics & Fragrance Inc ( NASDAQ:ULTA ), 13 have Buy rating, 0 Sell and 15 Hold.
    Rolls-Royce suffers fresh wave of troubles with Dreamliner engines

    Rolls-Royce suffers fresh wave of troubles with Dreamliner engines

    The investigation into that incident recommended that Rolls-Royce review the design of the intermediate pressure turbines.
    Ladbrokes Coral surges on GVC takeover bid

    Ladbrokes Coral surges on GVC takeover bid

    Current rules limit maximum stakes on these machines to £100, but this could be slashed to as low as £2. GVC shareholders would be entitled to the rest.
  • South Korea's Kepco beats Chinese in Moorside nuclear race

    South Korea's Kepco beats Chinese in Moorside nuclear race

    Britain is seeking to maintain its nuclear power generation capacity as part of its efforts to diversify its energy supply. The KEPCO and Toshiba are going to move ahead with negotiations for share acquisition for months to come.
    Priyanka Chopra voted Sexiest Asian Woman, dethroning Deepika Padukone

    Priyanka Chopra voted Sexiest Asian Woman, dethroning Deepika Padukone

    Apart from being courageous enough to fly into unknown, professionally she has become a strong symbol of girl power". Priyanka is very happy with the news , and has thanked everyone "I can not actually take credit for this at all.
    Apple might move back to metal for one iPhone 9 model

    Apple might move back to metal for one iPhone 9 model

    It would be a shocker if the tech giant confirmed or denied any of the rumored specs or features of the 2018 lineup at this point. The device is expected to cost less than the iPhone X successor, for it is sporting a liquid crystal display.
  • Researchers unveil 3.6 million-year-old rare skeleton of human ancestor

    Researchers unveil 3.6 million-year-old rare skeleton of human ancestor

    He described the discovery as being "one of the most remarkable fossil discoveries made in the history of human origins research". Large blocks of the breccia , in which the skeleton was embedded, were painstakingly removed from the cave.
    Colder air settling in, but what of the talk of snow?

    Colder air settling in, but what of the talk of snow?

    This will combine with a light wind and very dry air to allow Thursday night lows to dip well into the 20s for most of the area. WE can see some minor accumulations from U.S. 24 northward, and even a coating with some snow showers down toward I-70.

    Luxury brands can ban online sellers

    Brand owners have previously argued that they should have the right to choose their distributors to protect their image and exclusivity.
  • United Kingdom  must apologize for Jallianwala Bagh: London Mayor

    United Kingdom must apologize for Jallianwala Bagh: London Mayor

    Colonial era records had put the death toll at around 400, while leaders of India's freedom movement had put it at over 1,000. On Thursday he is in Islamabad and is scheduled to visit Karachi before he returns to London.
    Modi inaugurates BR Ambedkar International Centre

    Modi inaugurates BR Ambedkar International Centre

    He said the Union Government is making every effort to complete schemes and projects within their intended duration, and the Dr. Ambedkar International Centre For Socio-Economic Transformation (DAICSET), a day after the Dalit icon's 61st death anniversary.

    Pokemon Go Claims That PvP and Trading Are Still Planned

    This week starts the arrival of Gen 3 Pokemon in the new " Pokemon GO " update. These creatures were originated from " Pokemon Ruby " and "Pokemon Sapphire ".