06 Dec '17, 8pm

Bitcoin tops record $19,000, then plunges in wild 2-day ride

Bitcoin rocketed higher Thursday, crossing the $19,000 mark in less than two days after topping $12,000 for the first time. In trading on the Coinbase exchange, the digital currency rose above $19,000 before falling more than 12 percent from that high. The price on Coinbase is often at a premium over other exchanges. Coinbase is one of the major cryptocurrency exchanges accounting for a third of bitcoin trading volume. Bitcoin 1-hour chart Source: Coinbase Bitcoin now has a market value of more than $280 billion , meaning it would rank among the 20 largest stocks in the S&P 500 . The latest swing higher came as bitcoin topped $12,000 Tuesday night in a rapid recovery from a 20 percent drop last week. The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows. Chicago-based Cboe Global Markets is planning to launch bitcoin fut...

Full article: https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surgin...

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