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This article was published on December 6, 2017

Bitcoin blasts past $12,000 for the first time

Bitcoin blasts past $12,000 for the first time
Abhimanyu Ghoshal
Story by

Abhimanyu Ghoshal

Managing Editor

Abhimanyu is TNW's Managing Editor, and is all about personal devices, Asia's tech ecosystem, as well as the intersection of technology and Abhimanyu is TNW's Managing Editor, and is all about personal devices, Asia's tech ecosystem, as well as the intersection of technology and culture. Hit him up on Twitter, or write in: [email protected].

After crossing the $10,000 mark just a week ago, Bitcoin has now soared past $12,000 today; at the time of writing (4AM GMT), it’s at $12,253.

Perhaps even more notable is that CoinDesk’s Bitcoin Price Index shows that the cryptocurrency’s market capitalization – the valuation of all Bitcoins in circulation – has now crossed $200 billion for the first time ever. That should certainly put a smile on the Winklevoss twins’ identical faces. After pouring in $11 million into Bitcoin back when it cost $120 apiece, the duo became billionaires when the currency hit the $10,000 mark.

Bubble-schmubble, eh?