Choose your channels
Kaatrin Mozhi

Bitcoins hit an all time high of $12000 !- details here

Wednesday, December 6, 2017 • Tamil Comments

The world’s largest cryptocurrency Bitcoins reached an all time high of  $12,000 today. Only last week did the currency breached the mark of $10,000 and now it holds a staggering market capitalisation of $200 billion.

The Bitcoin rose 4.6% last 24 hours and about 20% in the past seven days holding 56.2% of the world’s total cryptomarket currency. When Bitcoin was started in the beginning of 2017, it only had below $1000 and within a year it has grown by 1100% in a short span of time.

It should also be noted that this surge in the Bitcoins might be due to the release of regulated futures contracts which only goes to show that more and more institutions are increasingly investing in Bitcoins and other crypto currencies.