Bitcoin has advanced $1,000 higher in what is becoming an almost daily occurrence for the virtual currency.
On December 6 when the price tackled $13K and then $14K, a large portion of volume stemmed from South Korean exchanges, most notably Bithumb. The KRW volume has dropped a touch, and the EUR has gained some significant steam. However, the Japanese yen still dominates bitcoin’s global markets at 47 percent. The top exchange today trading the most BTC is Bitfinex, as Bithumb has settled back into the second position. Following the Korean exchange is GDAX, Bitflyer, and Coinone. On Bitstamp, one bitcoin is roughly around $15,200 at the time of writing, marking an astounding advance of over $6,000 in less than a week.
New all-time highs now come and go in the blink of an eye as Bitcoin adds $1,000 of value every day, beating even more optimistic short-term forecasts from the likes of Max Keiser.
Not just USD, but other currencies are also seeing milestones, such as Russia’s ruble today, now trading at 1,000,000:1 versus BTC.
Bitcoin’s dramatic ascent propelled the cryptocurrency market cap to a new high-water mark of its own, and the combined valuations of all cryptocurrencies barreled past $400 billion less than a week after reaching $300 billion.