Bitcoin temporarily hit $12,000 and a $200 bln market cap Tuesday before correcting as prices continue their remarkable week-long surge.
As major exchanges such as Coinbase, Bitstamp, Kraken and others trade around $11,850 at press time, lively global markets produced an average all-time high of $12,027.
Altogether, cryptocurrencies added nearly $15 billion to their already swelling combined market cap. At present, the total cryptocurrency market cap is $354.3 billion, representing a single-day increase of four percent.
This is the first time Bitcoin has passed the new barrier, having grown from $9200 lows within a matter of days.
The pace of progress comes as the prospect of a Wall Street influx via regulated Bitcoin futures comes true December 10 and 18 as CBOE and CME Group enter the market.
Bitcoin forks are swiftly becoming the talk of the speculative crypto investment world, with a host of Bitcoin ‘impersonators’ lined up to debut this month.
So far, however, extant forks have failed to match BTC’s progress, Bitcoin Cash up 1.7% in 24 hours and Bitcoin Gold posting flat performance for the same period.
By contrast, privacy-focused altcoin Monero continues as the clear altcoin winner, advancing another 22% Tuesday to hit its own all-time highs of $240.