Bitcoin Jumps Above USD 12,000, Dominance Reaches December 2017 Level
The most popular cryptocurrency, bitcoin continues its rally and just added another USD 1,000 in a day, surpassing the USD 12,000 mark.
Moreover, bitcoin dominance, or the percentage of the total market capitalization, reached 61%, the level last seen in December 2017, when the coin touched USD 20,000.
At pixel time (04:37 UTC), bitcoin trades at c. USD 12,228 and is up by more than 9% in the past 24 hours, 33% in the past week and more than 96% in the past 12 months. Last time it was at the level is January 2018.
Bitcoin price chart:
Meanwhile, ethereum is the second best performer among the top 10 coins by market capitalization. It advanced by more than 6% and trades at c. USD 332.
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Other coins from the top 10 are registering up to 2% gains today.
The total market capitalization increased by almost 7%, to USD 357 billion.
As reported, bitcoin bulls are now pushing a new narrative and have started to discuss bitcoin at USD 100,000 more actively.